Securitization market evolves to adapt to crisis
The securitization market has started to thaw, but many industry participants agreed that some of the more complex instruments, such as collateralized debt obligation squareds, might never return. Asset-backed securities from Lloyds Banking Group and Volkswagen were heralded as helping to reopen the market, but they were also considered to be "plain vanilla" deals. "We've gone from a time where everyone bought ABS and fought for every extra basis point through a knee-jerk period where you couldn't sell these deals at all. Now the debate about the future is becoming more reasoned and forward-looking," said Gareth Davies, JPMorgan Chase's head of European ABS research.
< >
All the Best
Millennium Lyon Asset Management
Phone: 917-653-4406
Fax: 888-802-8170
Email: vsmith@mlgcap.com
Web: www.mlgcap.com
Amazon.com, Barnes & Noble, Audio Series, e-Book
posted by Victor Lloyd Smith @ 11:03 PM
0 Comments:
Post a Comment
<< Home