Welcome to the Australian Securitisation Forum
Welcome to the Australian Securitisation Forum (ASF) is a broadly based professional forum through which participants in the Australian securitisation markets can advocate their common interests on important legal, regulatory, accounting and market practice issues.
IOSCO Disclosure Principles for ABS
Download a copy of IOSCO's paper on 'Disclosure Principles for Public Offerings and Listings of Asset-Backed Securities' here.
ASF announces policy options for resuscitation of securitisation market and provides its mid-year operational update
To help to restore market and investor confidence in credit markets and the flow of credit to the economy, the ASF has made a number of submissions to Government and regulators. Download a copy of the 'ASF Policy Options for Government to resuscitate Securitisation and Credit Markets'.
Most recently, the ASF has commissioned Access Economics to prepare an independent report evaluating the various policy responses that Government could take with respect to securitisation in order to assist in the restoration of healthy credit flows in the Australian economy. This will be delivered to the Commonwealth Treasurer in July and shared with members, including a full media launch.
The ASF's operational update together with details of the submissions made this year can be found in the following 'Town Hall' presentation.
Securitisation's shaky future
The ASF’s CEO, Chris Dalton, tells Business Spectator's Tony Boyd:
- Securitisation is not dead
- However, it is reliant for its survival on the Australian Office of Financial Management
- However, the government's $8 billion 'investment kitty' funding will run out soon
- If no more money is forthcoming and no other funding options are provided, it will be difficult for non-banks to stay in business
- The Australian Securitisation Forum has abandoned its support for the Canadian model for supporting securitisation
- Foreign investors are ready to come back into the residential mortgage-backed security market
- APRA should allow the major banks to issue covered bonds to reduce their reliance on wholesale funding markets.
Click here to read the full story.
ASF makes comprehensive submission to IOSCO's taskforce on unregulated markets and products (‘TFUMP’) consultation flowing from the G20 London Leaders' summit
Click here to view.
ASF makes significant submissions to Government's consumer credit law reform consultation
Download a copy of ASF's submission regarding The Australian Consumer Law: Consultation on draft unfair contract terms provisions here.
Download a copy of ASF's submission regarding National Consumer Protection Bill here.
Credit Rating Agencies - ASF Submission
Click here to view.
The Australian Securitisation Forum (ASF) has developed the first specialist qualification for professionals working in the field of securitisation, the Securitisation Professionals Program. Participants successfully completing the Program, and its assessment, will be eligible for a Diploma of Financial Services FNS50107, a level 5 qualification under the Australian Qualifications Framework. There are nine specialist competencies that will be achieved. Further information.
