The Australian securitisation market 10 years on from the global financial crisis

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While the outlook for the Australian securitisation market is very buoyant, the market is currently transitioning to meet the requirements of the new prudential Standard on 1 January 2018. Over the medium term, an additional challenge for the market will be to attain economic pricing of cross-currency swaps to enable the issue of tranches of residential mortgage-backed securities (RMBS) and asset-backed securities (ABS) in currencies other than Australian dollars, thereby providing greater access to a wider investor base.