The Australian Prudential Regulation Authority's plan to limit issues of asset-backed securities to two tranches may make it harder for issuers to meet the needs of investors and to secure capital relief.
Delegates at the Australian Securitisation Forum annual conference, which is being held in Sydney, said yesterday that APRA's plan to simplify RMBS and ABS structures ignored the fact that multiple tranches were needed to meet different investor requirements.
The executive director of securitisation at Resimac, Mary Ploughman, said: "We launched a transaction this week with...
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