Securitisation picks up speed

India's structured finance business ground to a halt earlier in 2006 after the introduction of the country's first securitisation guidelines. But with the changes now digested, new issuers are coming to market, finds Sarfraz Thind


India's banking regulator, the Reserve Bank of India, passed the final draft of its new securitisation law in February 2006. Following three years of exponential growth, market participants had been awaiting the guidelines, which they viewed as the 'rubber stamp' on future growth. Yet far from boosting volumes, the new rules halted activity altogether. Securitisation issuance - which had jumped from 20 billion rupees ($450 million) in 2002 to more than Rs250 billion in 2005, according to Indian

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

Stemming the tide of rising FX settlement risk

As the trading of emerging markets currencies gathers pace and broader uncertainty sweeps across financial markets, CLS is exploring alternative services designed to mitigate settlement risk for the FX market

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