Banking And Finance: Securitisation sensation.
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Increased lending, new laws and more sophistication and understanding in the marketplace mean the Russian securitisation market is in the ascendency. By Martin Bartlam and Karin Artmann After a slow start European emerging market securitisation is beginning to pick up pace. Russia saw a number of securitisations in the first half of this year and other economies, such as Kazakhstan, Bulgaria and other Eastern European countries, are evolving their fledgling securitisation markets. Development of securitisation across European emerging markets, and the speed with which securitisation technology has been transferred into those markets, can be put down to a number of factors, the most important of which would include: * rapid growth in consumer and mortgage lending in those markets; * significant developments in the legal and regulatory environment affecting those markets; and * the increasing knowledge base of local participants, particularly banks and regulators. Governments appear to have recognised the value of effective capital markets and are working together with legal communities to develop the legal infrastructure to provide greater confidence in the legal entities and structures that are at the… |