News
On 10 October 2022, the European Commission published its long-awaited report on the functioning of the EU securitisation regulation1. While some Australian market participants issuing securities into Europe have complied to varying degrees, the report gives clarity on the commission’s intent that offshore issuers comply in full with the EU securitisation regulation. There are a number of key points in the report, discussed in more detail by a group of lawyers from Mayer Brown: Amanda Baker, Neil Hamilton, Paul Jorissen, Stuart Litwin and Jon Van Gorp.Read the article by clicking here.The article was first published in the November 2022 edition of ASJ, the official publication of the Australian Securitisation Forum. Read the whole issue by clicking here.
After an annus horribilis for bond investment in 2022, investors believe the new year should hold better tidings. A change in central bank tone bodes well for fixed-income performance, while fund managers are increasingly confident that 2022’s asset pricing reset was sufficient to restore fixed income’s defensive characteristics after many years of distortion caused by low rates and QE.
Taps to existing Kangaroo lines provided the bulk of primary market activity in what could be the last full issuance week before the Australian summer holiday break. Transactions came from KfW Bankengruppe, Kommunalbanken Norway, International Finance Corporation, Asian Infrastructure Investment Bank and Rentenbank – supplemented by a late-year benchmark deal from Suncorp.
