Submissions to Australian Policy & Regulatory Agencies
ASF Response to FSI Interim Report
26 August 2014
Click here to read the ASF's response to the Interim Report of the Financial System Inquiry dated July 2014.
ASF Response to APRA's APS120 Discussion Paper
15 August 2014
Click here to access the ASF's response to APRA's Discussion Paper titled "Simplifying the prudential approach to securitisation".
ASIC Proposals to Stagger and Delay Phase 3 Reporting
10 June 2014
Click here to view the ASF's submission on ASIC's proposal for a staggered and delayed start to Phase 3 of the OTC derivative transaction reporting obligations under the ASIC Derivative Transaction Rules (Reporting) 2013.
ASF OTC Submission
14 April 2014
The ASF has lodged its position in relation to the Australian Treasury Proposals Paper G4-IRD central clearing mandate – February 2014. The industry seeks certainty that securitisation swaps be exempted from a clearing mandate. Without this, securitisation swaps will face margin and collateral requirements that they cannot meet due to their current structure and ratings requirements.
ASF Responds to Moody’s RfC on Set-Off Risk
20 March 2014
The Australian market was caught by surprise in February by Moody's Request for Comment on its assertion that material risk exists in relation to set-off rights where collateral has been securitised. A working group lead by Allen & Overy, Clayton Utz and King & Wood Mallesons researched the topic and drafted a robust and considered submission.
Submissions to Overseas Policy & Regulatory Agencies
BOE-ECB Discussion Paper
9 July 2014
Click here to read the ASF's response to the discussion paper jointly released by the Bank of England and the European Central Bank, titled "The case for a better functioning securitisation market in the European Union".
ASF Comment Letter - Credit Risk Retention
8 January 2014
The ASF has submitted a comment letter to the US regulators relating to the re-proposed rules for credit risk retention for securitisations issued to US investors. Our letter seeks to highlight differences between US and Australian residential mortgage underwriting practices and the potential negative impact the US credit retention rules may have on Australian RMBS issuers. Click here to read the letter.
Upcoming courses, seminars and networking opportunities for your professional development
Future Leaders & Young Professionals event
Securitisation Fundamentals course
Securitisation Applied course
Securitisation Professionals course
IMN Asian Structured Credit Summit
Australian Securitisation Conference