Securitised bond market: 'Lack of clarity is worrying'
In an article about securitised bonds in 'Het Financieele Dagblad' Michaëla Ulrici expresses her concerns about the lack of clarity relating to the criteria for the asset-backed securities (ABS) market.
She argues that these 56 criteria must be made more transparent. If things are not improved 'institutions will continue to be wary about entering this market.' She also endorses the importance of easing capital requirements for that market. Michaëla also states the desirability of a single European body being responsible for issues relating to interpretation.
Michaëla is a partner at NautaDutilh and specialises in securitisations. She is also a board member of Prime Collateralised Securities, an independent European non-profit organisation intended to reinforce growth in the European securitisation market.
The complete article is available at www.fd.nl (available in Dutch, FD subscription required).