Securitisation market pulls together

The runaway growth of the securitisation market is putting pressure on participants to improve transparency. And surprisingly for the credit markets, all parties seem to be working in tandem to achieve these aims. Hardeep Dhillon takes a look at current initiatives

Everyone seems to climbing aboard the transparency bandwagon, from regulators to issuers, banks to investors. Some initiatives, such as the European Union's Markets in Financial Services Directive, Transparency Directive and Prospectus Directive, are taking a legislative approach to improvement. Whereas in the securitisation market, a grassroots movement has sprung up, preferring the route of self-regulation to promote transparency and liquidity.

Transparency within the asset-backed