Column - Jonathan Laredo

Banks are feverishly trying to repair their wrecked balance sheets, and until they have the confidence to re-enter the market there will be an imbalance of buyers and sellers

Over the past seven years the capital markets have got used to a new, seemingly bottomless source of capital: securitisation. In those years the appetite for rated securitised debt has produced demand for mortgage assets from Australia to the US and assets from leveraged loans to contingent claims in tobacco litigation settlements.

As is usual in bull markets it became increasingly easy for consumers or companies to increase leverage with lower levels of collateral coverage and on easier terms

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here