Australian Securitisation Journal


The Australian Securitisation Journal (ASJ) is the official journal of the Australian Securitisation Forum. The ASJ is published by KangaNews on a semi-annual basis.

The focus is on developments and issues pertaining to the Australian and New Zealand securitisation and covered bonds markets.


Issue 17 - November 2019



Features

  • Reflections on another year of domestic development in the New Zealand market 
  • Resimac discusses funding strategy, single-name limits and global investor engagement
  • ANZ on the increasing opportunity in the mezzanine tranches
  • Commonwealth Bank discusses key considerations for the domestic market and global moves towards alternate reference rates
  • Westpac explores partnership opportunities beyond funding with fintech leaders
  • National Australia Bank expands on its facilitator fole for emerging lenders
  • Moody's Investors Service considers the opportunity set for new lenders
  • The growing band of new names considering public term securitisation
  • Mayer Brown discusses compliance with new EU regulations for Australian borrowers
  • Equity Trustees on their approach to tailoring trust-management solutions to new clients' needs
  • Member profiles
  • Key issuer profiles

Issue 16 - June 2019



Features

  • Reporting lessons: Lessons learned from the new accounting standards by Heather Baister of Deloitte
  • National Australia Bank takes the temperature of Australian securitisation with key domestic, US and European investors
  • Resimac talks origination, funding and growth ambitions in a more challenging property market
  • Benchmark reforms: Australian securitisation market at the forefront of change
  • BNY Mellon on the implicit advantages of outsourcing trust management
  • A close look at China's growing securitisation market with Macquarie Bank and King & Wood Mallesons
  • The markets big issues - a discussion hosted by KangaNews and Women in Securitisation
  • Key issuer profiles

Issue 15 - November 2018



Features

  • Checking in with efforts by the ASF's Future Leaders & Young Professionals subcommittee to demystify securitisation for today's students
  • RBC Capital Markets on collateral diversity in the US and what it could mean for Australia
  • Insights from Perpetual Corporate Trust on the true value of a vital but less understood aspect of the market
  • The New Zealand market is developing on its own, but a regulatory push could be a game-changer
  • New Zealand gets ready for RMO, with new optimism about a clearing path to bank issuance
  • Commonwealth Bank of Australia tackles IBOR, the big issue of international reference-rate reform
  • Fintech outlook: The rise of technology-driven lenders and their future prospects, according to Westpac Institutional Bank
  • Green securitisation is becoming a better established and more significant part of the market, says National Australia Bank
  • ANZ reflects on ten years since the financial crisis and considers lessons for the future
  • Insights from Mayer Brown on the impacts of a Rule 17g-5 for Australian securitisers and how issuers can respond
  • Australian securitisation industry leaders reflect on market development and highlight their focus areas for the years ahead
  • Key issuer profiles

Issue 14 - June 2018



Features

  • Insights and initiatives from Women in Securitisation in 2018
  • Event report from the 2017 Australian Securitisation annual conference
  • Three key offshore deals from 1H 2018
  • Resimac on growth, systems integration and funding markets
  • The value of private-equity firms for the non-bank sector
  • NAB roundtable on next steps for the green RMBS issuance
  • Trustee profiles: AET, Equity Trustees and Eticore share sector outlooks and company information
  • Key issuer profiles

Issue 13 - November 2017



Features

  • Foreword from The Hon. Scott Morrison MP, Treasurer, Commonwealth of Australia
  • Warehouse shifts: ANZ reviews the consequences of the forthcoming regulatory regime
  • NAB on the rejuvenated market as fertile ground for innovation
  • Westpac asks whether the momentum of new-issuance in 2017 can be maintained
  • CBA's research team on the surge in demand for mezzanine deal tranches
  • Feature: A look at the drivers and status of the offshore bid
  • Supply- and demand-side developments are laying the ground for new issuers, says Macquarie Bank
  • Mayer Brown assess the fallout from the Libor affair on Australian transactions
  • Key issuer profiles

Issue 12 - June 2017



Features

  • Demand and diversity characterise the Australian market in 2017
  • NAB hosts key players in the consumer-finance sector
  • The ASF reorganises in response to structured finance’s new landscape
  • Pepper shares insights on UK growth in the post-Brexit environment
  • Resimac shares business perspectives after a major merger
  • Key issuer profiles

Issue 11 - November 2016



Features

  • An in-depth look at asset quality in the Australian housing market
  • Perpetual insights from a series of interviews with global investors
  • CBA on integration of fintech developments in the securitisation chain
  • Insights into investor thinking and buy-side market engagement from Westpac
  • Emergence of the green securitisation market with NAB
  • ANZ discusses how Australia can develop its nonmortgage ABS market
  • Encouraging developments in Australia’s nonconforming securitisation market with Macquarie Bank
  • Deloitte and PwC insights into agreed-upon procedures 
  • Mayer Brown updates on the progress of local risk-retention rules
  • ASF member and issuer profiles

Issue 10 - June 2016



Features

  • NAB roundtable on the emerging Australian green debt market
  • Liberty Financial talks market opportunities, business diversity and capital strength
  • Resimac surveys the business landscape and sees potential for future growth
  • Market participants review the consequences of the latest draft of Australia’s APS 120 standard
  • Master-trusts: Assessing the latest regulatory outcome
  • Women in Securitisation: Visions, ambitions and motivations
  • About ASF membership: There's never been a better time to join
  • ASF subcommittees: Who's who and what they do

Issue 9 - November 2015



Features

  • Who's who in the Australian structured finance market
  • New demand for more junior tranches of prime RMBS
  • Macquarie Bank discusses heightened standards and emergence of disruptors
  • Perspectives on increased issuance outside the prime-RMBS sector
  • Pepper Group shares it's long-term strategy
  • New tech: TXS brings new software solution to the Australian market
  • US update: Mayer Brown discusses local impacts of US regulatory developments

Issue 8 - June 2015



Features

  • Renewed focus on mortgage-lending standards and the underlying resilience of RMBS product
  • Trend for acquisition of loan portfolios by Australian securitisers
  • Emergence of nonbank lenders in the near-prime market
  • Macroprudential tools in global jurisdictions from an Australian perspective
  • Likely consequences of the AOFM RMBS sell-down
  • Perspectives on business development as Resimac celebrates its 30th anniversary

Issue 7 - November 2014



Features

  • ASF perspective with COO, Alex Sell
  • Q&A with Jacqueline Fox from NAB
  • Global perspective: insights into three major global investors
  • Q&A with Macquarie Bank
  • Emerging developments on transparency

Issue 6 - June 2014



Features

  • ASF news
  • APRA update on its latest consultation paper
  • FSI response from the industry
  • CPT covereds: roundtable discussion hosted by NAB
  • Constructing bullet structures with Standard & Poor's
  • RBA discusses the new standards for transaction-level data requirements

Issue 5 - November 2013



Features

  • ASF news
  • RMBS reporting with the RBA
  • New opportunities for the Australian structured finance market
  • US risk retention: Mayer Brown sums up the key developments
  • Q&A with NAB's securitisation team
  • Widening the investor base across Asia Pacific
  • Investor Q&A: insights into the domestic market

Issue 4 - June 2013



Features

  • ASF news
  • RMBS update from Standard & Poor's
  • High standards: New information requirements from Chris Aylmer at RBA
  • New complexion of the Australian RMBS market
  • Deloitte Australia examines the new AASB 10
  • Closing credits: Michael Bath at the AOFM reviews the RMBS investment programme
  • Offshore view: a roundtable discussion with NAB
  • Exclusive data from KangaNews on Australian issuer securitisation deals

Issue 3 - November 2012



Features

  • ASF news
  • Far horizons: cultivating international investors
  • Master trusts
  • Delinquencies with Moody’s Investors Service
  • International investors share their offshore view
  • Market outlook from NAB executives
  • Reporting: standardised templates for covered bonds
  • Exclusive data from KangaNews on Australian issuer securitisation transactions

Issue 2 - June 2012



Features

  • ASF insights
  • Q&A with Tim Hughes, Chairman ASF
  • Covered bonds: Standard & Poor's explains its rating rationale
  • RBA looks at the housing market
  • Roundtable on international RMBS demand by NAB
  • Legal eye with Sidley Austin partners
  • Q&A with Greg Tanzer, Commissioner, ASIC
  • Q&A with Guy Debelle, Assistant Governor, financial markets, RBA
  • Roundtable on RMBS in the Australian domestic market by CBA
  • Australian structured finance after the arrival of covered bonds

Issue 1 - November 2011



Features

  • Reform review with Clayton Utz and Westpac Institutional Bank
  • Market update
  • Q&A with AOFM's director, financial risk, Michael Bath
  • Covered bonds: insights from Natixis
  • Market outlook with NAB
  • ASF insights
  • Delinquencies
  • Asset quality with Laminar Advisory

What's On

Upcoming courses, seminars and networking opportunities for your professional development

FEB

26

Securitisation Fundamentals course

Sydney

MAR

18/19

Securitisation Professionals course

Sydney

MAY

20

Securitisation Fundamentals course

Auckland

MAY

21

Securitisation Trust Management

Sydney

Australian Securitisation Journal

The Australian Securitisation Journal (ASJ) is the official journal of the Australian Securitisation Forum. The ASJ is published by KangaNews on a semi-annual basis.

Read the official journal of the ASF

Market snapshot

View a snapshot of the Australian structured credit market, courtesy of Macquarie Debt Markets Research. Key data is refreshed on a monthly basis.

View the latest market activity