AOFM unlikely to buy foreign currency RMBS tranches
- Monday, 21 June 2010
The Australian Office of Financial Management (AOFM) has rebuffed suggestions that it should extend its programme of buying residential mortgage-backed securities (RMBS) from local issuers denominated in foreign currencies. And other securitisation market users also cast doubt on claims that offshore demand for Australian product could be kick-started by such a move from the government.
