Aussie securitization reforms ‘threaten master trusts’
The Australian Prudential Regulation Authority’s proposed changes to its securitization framework threaten to make master trust vehicles “unworkable” in the country, according to Fitch Ratings.
The APRA last week opened a consultation phase on proposals to update its prudential framework, as it responds to Australian borrowers placing a greater emphasis on using the product for funding purposes in the years since the financial crisis.
Among the proposals is a 20% risk retention ...Already a subscriber? Login