Australia's first RMBS of 2014 hints at integration with coming regulatory reform

The successful inclusion of structural nuances in Australia's first residential mortgage-backed securities (RMBS) transaction of 2014 suggests that long-awaited regulatory changes in the Australian securitisation market are starting to filter down to deal level. The transaction garnered 50 per cent offshore interest, leading to intermediary confidence about the extent to which new technologies and structures could help to grow Australia's securitisation universe.