Outlook for the Securitisation Market
OECD Financial Market Trends, Vol. 2011, No. 1, 2011
18 Pages Posted: 15 Sep 2011
Date Written: September 15, 2011
Abstract
Securitisation issuance has slumped in recent years, with the market having become increasingly dependent on central bank and government support in both Europe and the United States. Despite facing a number of threats that could inhibit a recovery in the shorter term, the securitisation market is expected to recover over a longer term horizon. Funding costs have improved, but investor confidence in the asset class remains weak, and the impact of regulatory reform is as yet difficult to fully assess. A long-term sustainable recovery for the securitisation market remains in the hands of regulators and policy makers. They must be awake to the possibility that a recovery in securitisation markets could be a prerequisite to unlocking credit markets in general and supporting a wider global economic recovery.
Keywords: securitisation, mortgage-backed securities, outlook, new regulations
JEL Classification: A1, E6, F3, G1, G2, G3
Suggested Citation: Suggested Citation
Do you have a job opening that you would like to promote on SSRN?
Recommended Papers
-
Decomposing Corporate Bond Spreads
By Lewis Webber
-
The Case for Fully Integrated Models of Economic Capital
By Alexander J. Mcneil, Axel Kirchner, ...