《Australian Bond Market.ppt》由会员分享,可在线阅读,更多相关《Australian Bond Market.ppt(21页珍藏版)》请在三一办公上搜索。
1、The Australian Bond Market,May 2010,David OlivanDomestic Markets DepartmentReserve 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-)most
2、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?,