A well established feature of the structured finance market in the US has been the evolution of an efficient market for CDOs packaging real estate assets such as commercial mortgage-backed securities (CMBS). Commercial real estate (CRE) CDOs first appeared in the US market at the end of the 1990s, and by the end of 2005 the market was worth $14 billion. Analysts now believe the European market is poised to expand, albeit at a less dramatic rate than in the US.
The potential for European CRE CDOs
The week on Risk.net, July 7-13, 2018Receive this by email