Search: securitisation
RBA Glossary definition for securitisation
securitisation – Asset securitisation is the process of converting a pool of illiquid assets, such as residential mortgages, into tradeable securities.
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Box A: Developments in the US Sub-prime Mortgage Market
10 Mar 2007
FSR
– March 2007
Lenders have been able to finance much of this lending through the securitisation market.
https://www.rba.gov.au/publications/fsr/2007/mar/box-a.html
Overview
10 Sep 2007
FSR
– September 2007
The effects, however, have not been as pronounced as in some other countries, despite Australia having a large securitisation market and some banks relying heavily on capital markets for their funding.
https://www.rba.gov.au/publications/fsr/2007/sep/overview.html
Box B: Measurement of Housing Arrears
10 Sep 2009
FSR
– September 2009
These issues have probably artificially boosted reported arrears rates in Australia somewhat of late, especially those based on securitisation data. ... pool: in Australia the practice has been that only loans with ‘clean’ payment records are
https://www.rba.gov.au/publications/fsr/2009/sep/box-b.html
Box B: The Shadow Banking System in Australia
10 Sep 2010
FSR
– September 2010
Securitisers' earlier relative growth was driven by the higher demand for housing finance and the activities of smaller lenders (such as specialist mortgage originators) that are more reliant on securitisation as ... Their share of the financial system
https://www.rba.gov.au/publications/fsr/2010/sep/box-b.html
Box A: Bank Restructuring Challenges: A Case Study of Italy
21 Apr 2017
FSR
– April 2017
These longer-run policy initiatives have been complemented by efforts to stimulate demand in the secondary NPL market, by making available government guarantees on senior tranches of NPL securitisations and by ... creating two industry-funded vehicles
https://www.rba.gov.au/publications/fsr/2017/apr/box-a.html
The Performance of Australian Residential Mortgage-backed Securities
10 Mar 2006
FSR
– March 2006
Securitisation involves the loan originator selling a pool of residential mortgages to a special purpose vehicle which funds this purchase by issuing RMBS to investors. ... For further discussion, see Bailey, K, M Davies and L Dixon Smith (2004),
https://www.rba.gov.au/publications/fsr/2006/mar/perf-aus-res-mort-sec.html
Box A: Covered Bonds
10 Mar 2011
FSR
– March 2011
The secured nature of covered bonds means they combine some characteristics of securitisation with those of traditional senior unsecured bank bonds. ... However, they differ from securitisation in a number of ways. Unlike securitisation, the issuer of a
https://www.rba.gov.au/publications/fsr/2011/mar/box-a.html
Box B: The Basel III Capital Reforms in Australia
10 Sep 2013
FSR
– September 2013
Capital requirements for certain trading book and securitisation assets were increased at the start of 2012; this change is commonly referred to as Basel 2.5.
https://www.rba.gov.au/publications/fsr/2013/sep/box-b.html
Box B: The Impact of Lending Standards on Loan Sizes
20 Oct 2018
FSR
– October 2018
See Byres W (2017), ‘Housing – The Importance of Solid Foundations’, speech at the Australian Securitisation Forum, Sydney, 21 November.
https://www.rba.gov.au/publications/fsr/2018/oct/box-b.html
Box A: Funding Composition of Banks in Australia
10 Sep 2012
FSR
– September 2012
In particular, there has been a move away from the use of wholesale debt securities, including securitisation, towards domestic deposits. ... banks, which had previously used securitisation more heavily (Graph A1).
https://www.rba.gov.au/publications/fsr/2012/sep/box-a.html