Bank funding options increased under revised Australian securitisation framework
Increased funding options welcomed in the face of a potential spike in Australia consumer credit growth
The recent proposal to relax the Australian securitisation framework will make it easier for banks to use this as a funding source, a decision which has been welcomed by banks given the expected pick-up in consumer credit growth in 2014, according to market participants.
The Australian Prudential Regulation Authority (Apra) proposed changes to the current securitisation framework APS 120 at the start of November seeking to simplify compliance for transactions for funding-only purposes.
Apra also
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