New look for post-crisis ABS but is it better?
Financial crisis hindsight has been a favorite topic of discussion at ABS industry events since, well, the financial crisis. “Where did we go wrong?”, “How could we have known?”, “The market had never seen a widespread default in etc. etc.”
This year is no different. Panelists on day two of ABS East gathered on Tuesday morning to discuss where the market is now, seven years out from the crash. The general take away from the speakers was that, while the market looks and feels different than in the