APRA sets out preliminary thinking on new securitisation regime

The Australian Prudential Regulation Authority (APRA) has outlined the conceptual context of its forthcoming new permanent regime covering securitisation in Australia. The new regime – on which APRA expects to initiate consultation early in 2013 with implementation to follow the next year – will be based on the regulator's desire to simplify securitisation rules, to facilitate funding-only issuance, and to address lessons learned about the market.