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1、The Australian Bond Market,May 2010,David Olivan Domestic Markets Department Reserve Bank of Australia,Deregulation developed the Australian bond market,Australias Bond Market Today,Asset Securitisation -) Converting a pool of illiquid assets, like mortgages or auto loans, into tradeable securities
2、-) most ABS in Australia are prime residential mortgages -) rapid growth in Australia from early-1990s to 2007 -) sharp decline since 2007 because of brand damage from US subprime crisis -) slow recovery as the markets reassess the strength of Australian RMBS,Typical Securitisation Structure in Australia,QUESTIONS?,