Resources

 Filter
Date Resource Type Topic
09 May 2022 ASF letter to Treasury: Consumer Data Right Expansion to Open Finance - Non Bank Sectoral Assessment

Letter in response to Treasury’s consultation paper dated 15 March 2022 on the Consumer Data Right Open Finance Sectoral Assessment - Non-bank lending (consultation paper).

Submission Regulatory and Prudential, Submission
09 May 2022 ASF Market Guideline on ESG Disclosure

This Market Guideline is to provide originators, issuers, investors and other intermediaries a reference point for developing ESG practice in securitisation which enhances transparency and comparability in the Australian market.

Resource ASF market guideline, ESG
04 Apr 2022 Australian Business Securitisation Fund Review

Treasury's report to Goverment on its review of the two-year legislative review of the Australian Business Securitisation Fund (ABSF).  The report was tabled in the Senate on 1 April.

External Resource ABSF and SFSF
04 Apr 2022 Australian Business Securitisation Fund Review

Treasury's report to Goverment on its review of the two-year legislative review of the Australian Business Securitisation Fund (ABSF).  The report was tabled in the Senate on 1 April.

External Resource ABSF and SFSF
21 Feb 2022 Public consultation on exposure draft Deposit Takers Bill (DTB) – ASF Submission

Public consultation on exposure draft Deposit Takers Bill (DTB) – ASF New Zealand subcommittee submission to the Reserve Bank of New Zealand.

Submission New Zealand, Submission
08 Feb 2022 ABSF Review Consultation - ASF response

Australian Business Securitisation Fund Review consultation – Australian Securitisation Forum Response to Treasury

Submission ABSF and SFSF, Submission
11 Nov 2021 EMF: Hypostat 2021

The European Mortgage Federation's annual statistical publication encompassing data on recent developments in housing and mortgage markets in Europe and beyond (uincluding Australia, the UK and USA).
 

External Resource Covered bonds, Europe, Publications, Useful links
03 Nov 2021 ASF Submission to Select Committee on Tax Bill

Australian Securitisation Forum’s submission to the Finance and Expenditure Committee on the Taxation (Annual Rates for 2021-22, GST, and Remedial Matters) Bill (New Zealand).

Submission New Zealand, Submission
08 Oct 2021 ECBC Covered Bond Factbook 2021

A benchmark and comprehensive source of information on the covered bond asset class.

External Resource Covered bonds, Europe
01 Oct 2021 EU targeted consultation on the functioning of the EU securitisation framework

ASF response to those parts of the “EU targeted consultation on the functioning of the EU securitisation framework” relevant to and impacting on ‘third country’ investment.  The response is aligned with the responses provided by both the Association for Financial Markets in Europe (AFME) and the US Structured Finance Association (SFA). View the consultation here
 

Submission Europe, Regulatory and Prudential, Submission
13 Sep 2021 New repo eligibility requirements for BBSW securities

Finalised repo eligibilty criteria relating to robust fallback provisions for securities referencing BBSW (RBA).

External Resource Regulatory and Prudential, Useful links
13 Sep 2021 APRA Committed Liquidity Facility Update

On 10 September, APRA wrote to locally-incorporated ADIs subject to the Liquidity Coverage Ratio (LCR) to advise that it expects them to reduce their use of the Committed Liquidity Facility (CLF) to zero by the end of 2022. In the letter, APRA noted that the use of the CLF should no longer be required beyond 2022 because APRA and the RBA expect there to be sufficient high-quality liquid assets (HQLA) for ADIs to meet their LCR requirements without the need to utilise the CLF. 

External Resource Regulatory and Prudential
09 Aug 2021 ASF market guideline on treatment of COVID-19 hardship - Updated August 21

Treatment and reporting of loans and accounts that have been classified as COVID-19 support cases - updated 9 August 2021, following the release of updated guidance by APRA.

Resource ASF market guideline
23 Jul 2021 ASF SME data reporting template

The purpose of this template is to encourage a more standard approach to reporting commercial securitisations (secured and unsecured) which local and offshore investors are receptive towards. Download template XL >

Resource ASF market guideline, Publications
21 Apr 2021 ASF guidance on new notification obligations for EU investors in Australian SSPEs

Following amendments to the EU Securitisation Regulations which were passed by the European Parliament on 25 March and became law on 9 April 2021, the ASF has published guidance for its members on new EU Securitisation Regulation Article 4 notification obligations...

Resource ASF market guideline, Europe
29 Mar 2021 European Supervisory Authorities Opinion - Securitisation Regulation

ESAs’ Opinion to the European Commission on the Jurisdictional Scope of Application of the Securitisation Regulation
 

Resource Europe
29 Mar 2021 European Parliament Text Adopted - EU Securitisation Regulations

March 2021 - General framework for securitisation and specific framework for simple, transparent and standardised securitisation to help the recovery from the
COVID-19 crisis.

Resource Europe
15 Mar 2021 RBA request for feedback on BBSW fallbacks in RBA-eligible securities

RBA request for feedback from ASF - 1 February 2021

Resource Benchmark reform, Regulatory and Prudential
15 Mar 2021 ASF response to RBA fallbacks consultation

ASF response to RBA's request for feedback on BBSW fallbacks in RBA-eligible securities

Submission Benchmark reform, Regulatory and Prudential, Submission
09 Mar 2021 Securitisation demand to rally amid low spreads, high liquidity

Article by Jennifer Hellerud, Director and Head of Securitisation (Australia) at RBC Capital Markets, who moderated the ASF's Market Perspectives 2021 briefing. The panellists reviewed the challenges of 2020 and surveyed the 2021 landscape for securitisation markets in Australia and Europe.

External Resource Publications
14 Dec 2020 ASF Submission to NZ Treasury on Overseas Investment Bill 2020

This Submission focused on the proposed exemptions for financing transactions...

Submission New Zealand, Submission
26 Oct 2020 ISDA IBOR fallbacks Supplement and Protocol

Useful links to ISDA information on IBOR fallbacks, launched by ISDA on 23 October 2020.

External Resource Benchmark reform
23 Oct 2020 ECBC Covered Bond Factbook 2020

A benchmark and comprehensive source of information on the covered bond asset class.

 

External Resource Europe, Publications
22 Oct 2020 Submission on the third Consultation Document of Phase 2 of the Reserve Bank Act Review

A submission to Crown Treasury by the ASF's New Zealand market sub-committee...

Submission New Zealand, Submission
20 Oct 2020 ASF Guideline on preparation of the preparation of financial statements for securitisation trusts

Published on 19 October 2020, this guidance note covers:

1. Recommended wording for SPVs regarding the application of Australian Accounting Standards to enable clarity of understanding of the extent of adoption, particularly for any users who may not be familiar with Australia’s special purpose reporting framework

2. Recommended points for consideration regarding disclosures for securitisation SPVs in light of COVID-19

Research Article ASF market guideline
14 Oct 2020 ASIC Report: Allocations in debt capital markets allocations (REP 668)

Published on 22 September 2020, this report summarises ASIC's findings of its surveillance of debt capital raising practices and selected transactions (2018–2020). 

External Resource Publications, Regulatory and Prudential
13 Aug 2020 Key features of the AOFM's forbearance SPV

The ASF's high-level summary of the SFSF forbearance SPV...

Resource ABSF and SFSF
13 Aug 2020 Rating agency commentary on the AOFM's fSPV

Commentary from Fitch, S&P Global and Moody's on the impact of the AOFM's forbearance SPV on rated rusts that access the facility...

Research Article ABSF and SFSF
15 Jul 2020 Submission to the Reserve Bank of New Zealand on NZClear 2.0 factored securities functionality

Submission for the ASF New Zealand market sub-committee to the RBNZ outlining key functionality sought by the industry in NZClear.

Submission New Zealand, Submission
08 Jul 2020 APRA FAQs on on securitisation requirements in response to COVID-19

The Australian Prudential Regulation Authority (APRA) has published a FAQ providing guidance under Prudential Standard APS 120 Securitisation to authorised deposit-taking institutions in repurchasing loans from securitisations in response to COVID-19 repayment deferrals.

External Resource Regulatory and Prudential
08 Jul 2020 APRA updates regulatory approach to loans subject to repayment deferral

APRA has announced an extension of its temporary capital treatment for bank loans with repayment deferrals

External Resource
30 Jun 2020 IBOR Fallbacks factsheet

ISDA, Bloomberg and Linklaters have published a new IBOR Fallbacks factsheet that provides an overview of the calculation methodology and implementation of fallbacks for derivatives referenced to interbank offered rates (IBORs). The paper also sets out details of how to access the fallback rates when they are published by Bloomberg.

External Resource Benchmark reform
22 Jun 2020 SFSF investments summary

The SFSF’s investments in primary and secondary public term transactions, and commitments under private warehouse transactions, can be found in this spreadsheet.

External Resource
19 Jun 2020 ASIC's revised timetable of ongoing work (June 2020)

ASIC's revised timetable of ongoing work including information on proposed timing of consultations and release of regulatory guidance.

External Resource Regulatory and Prudential
15 Jun 2020 Submission on Amendments to Overseas Investment Act and Regulations (NZ)

A submission by the ASF's New Zealand Market subcommittee to New Zealand’s Overseas Investment Office supporting the proposed changes and advocating that the changes will remove unintended costs and time delays for lenders and ensure an efficient flow of funds to borrowers without affecting the purpose of the OIO Act.
 

Submission New Zealand, Submission
04 Jun 2020 Benchmark reform and transition from LIBOR

Central repository for information from ISDA relating to financial benchmark reform.

External Resource Benchmark reform
07 May 2020 Covered Bonds: A global perspective

A European Covered Bond Council publication looking at the current state of play in the global covered bond market regulatory environment and impact of Basel III reforms.

External Resource Europe, Publications
23 Apr 2020 ASF NZ market subcommittee letter to NZ Ministry of Business regarding non-banks & COVID 19

A letter to the NZ Ministry of Business, Innovation and Employment requesting COVID-19 relief from the Credit Contracts and Consumer Finance Act 2003 for non-bank lenders.

Submission New Zealand, Submission
01 Apr 2020 ASF NZ market subcommittee letter to the RBNZ regarding non-banks & COVID-19

A letter to the RBNZ highlighting some of the issues the New Zealand non-bank sector is facing as a direct result of COVID-19 and the resultant mandatory lockdown.

Submission New Zealand, Submission
10 Mar 2020 ASF Submission to ASIC on product design & distribution obligations under the Corps Act

ASF submission to ASIC outlining the potential impact of matters contemplated in the DDO provisions, and the ASF’s recommendations to address the issues raised by this consultation.

Submission Submission
03 Mar 2020 ASF Submission to ARNECC on proposed new VOI rules

ASF submission to the Australian Registrars National Electronic Conveyancing Council (ARNECC)’s consultation on its proposed new Verification of Identity (VOI) rules for mortgagees.
 

Submission Regulatory and Prudential, Submission
27 Feb 2020 Submission to the Reserve Bank of New Zealand on the NZClear clearing and settlements system

Submission from the ASF's New Zealand Market Subcommittee to the RBNZ highlighting some areas of concern with the new NZClear clearing & settlements system.

Submission New Zealand, Submission
24 Feb 2020 Submission to the Treasurer of WA on securitisation of equipment finance receivables

Submission to the Treasurer of Western Australia on the impact of the State Revenue Laws Amendment Act 2019 on securitisation of equipment finance receivables

Submission Submission
24 Feb 2020 Submission to the Treasurer of Victoria on securitisation of equipment finance receivables

Submission to the Treasurer of Victoria (State Revenue Office) on the impact of the State Taxation Acts Amendment Act 2019 on securitisation of equipment finance receivables

Submission Submission
01 Jan 2020 Basel Committee

The Basel Committee on Banking Supervision (BCBS) is the primary global standard setter for the prudential regulation of banks and provides a forum for regular cooperation on banking supervisory matters. 

External Resource Useful links
01 Jan 2020 Securities Industry & Financial Markets Association

SIFMA is the leading trade association for broker-dealers, investment banks and asset managers operating in the U.S. and global capital markets. 

External Resource Useful links
10 Dec 2019 Mortgage & Finance Industry Association of Australia

The peak national body representing over 13,500 professional finance brokers.

External Resource Useful links
10 Dec 2019 Finance & Treasury Association

The Finance and Treasury Association (FTA) is the peak professional body in Australia for corporate treasurers and senior financial risk managers. 

External Resource Useful links
10 Dec 2019 Finance Brokers Association of Australia

The leading professional association for finance and mortgage brokers

External Resource Useful links
10 Dec 2019 Australian Financial Markets Association

The Australian Financial Markets Association (AFMA) is the leading industry association promoting efficiency, integrity and professionalism in Australia's financial markets – including the capital, credit, derivatives, foreign exchange and other specialist markets.

External Resource Useful links
10 Dec 2019 Australian Banking Association

The Australian Banking Association’s membership is comprised of 22 banks from across Australia. The ABA works with government, regulators and other community stakeholders to ensure Australia’s banking customers continue to benefit from a stable, competitive and accessible banking industry.

External Resource Useful links
22 Nov 2019 Structured Finance Association (US)

International securitisation body

External Resource Useful links
22 Nov 2019 China Securitization Forum

International securitisation bodies

External Resource Useful links
22 Nov 2019 Association for Financial Markets in Europe

International securitisation body

External Resource
18 Nov 2019 ASF Interest Rate Benchmark Survey Report

Feedback from Australian securitisation industry participants on the current and future use of interest rate benchmarks...

Resource Benchmark reform, Publications
06 Jun 2019 Submission on draft ABSF investment principles

Submission to AOFM on draft Australian Business Securitisation Fund investment principles

Submission Submission
31 May 2019 Letter on EFS data collection for SPVs

Letter to APRA on EFS data collection - proposed changes to reporting consolidation for securitisation SPVs

Submission Submission
06 Mar 2019 Submission on ABSF proposed legislation (SELC)

Submission to Senate Economics Legislation Committee on Australian Business Securitisation Fund proposed legislation

Submission ABSF and SFSF, Submission
04 Feb 2019 Submission on Phase 2 of the Reserve Bank Act Review

Submission to New Zealand Treasury's consultation 'Phase 2 of the Reserve Bank Act Review: Safeguarding the future of our financial system

Submission New Zealand, Submission
28 Jan 2019 Submission on Japan's proposed securitisation regulations (Japanese version)

Submission to Japanese Financial Services Agency's consultation on proposed securitisation regulations

Submission Japan, Submission
28 Jan 2019 Submission on Japan's proposed securitisation regulations (English version)

Submission to Japanese Financial Services Agency's consultation on proposed securitisation regulations

Submission Japan, Submission
16 Jan 2019 Submission on ABSF proposed legislation (Treasury)

Submission to Treasury on Australian Business Securitisation Fund proposed legislation

Submission ABSF and SFSF, Submission