RMBS momentum picks up as issuers work through regulatory complexities

Although the year started off with subdued activity in the Australian securitisation market – with just three asset-backed transactions being completed by the end of March – a number of residential mortgage-backed securities (RMBS) deals have been launched since the start of the second quarter. Intermediaries agree that demand from real money and balance sheets is abundant, but such appetite has remained unfulfilled as supply has been constrained.