A changing landscape

Asset-backed securities

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The Asian asset-backed securities (ABS) market is well and truly back on its feet. After the crisis that rocked the market in 1998, business is once again booming, with volumes more than doubling last year, following double-digit growth in 2001. The sharp rise in South Korean consumer finance-backed deals has almost single-handedly been responsible for the increase in ABS volumes over the past two years. But with growth in the South Korean consumer finance market expected to stall in

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