Structured credit recovery in Asia still patchy

The global financial crisis triggered a plunge in securitisation volumes across the Asia-Pacific region as international appetite for securitised products evaporated. However, the region is far from harmonised and is at various stages of development, and this disparity has been reflected in the extent to which securitisation has remained active.

Transaction and collateral performance in Asia is largely superior to peer markets and this has helped securitisation rebound quicker in some