ASF disappointed state not doing more for RMBS

05 May 2011

The Australian Securisitation Forum said this week the government was not going far enough to support issuers of residential mortgage-backed securities, despite committing an extra A$4bn to the market last month.

The Australian Office of Financial Management, a government debt agency, has been given A$20bn to help prop up the RMBS market over the last few years, including the latest A$4bn. But the ASF wanted more: it proposed that the government should expand its range of eligible collateral, start ...

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