Global ABS 2007: ABS diversification is good news

"Don't be too pessimistic about the securitisation industry" was the message from Robert Parker, a vice-chairman of Credit Suisse Asset Management, addressing the Global ABS conference in Barcelona today.

Securitisation business is going from strength to strength, he adds. "The sector is going through an exciting period of diversification. We are seeing a movement away from traditional sources of collateral such as credit cards, auto loans and consumer finance, into alternatives like commercial

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