What do you think of CB Richard Ellis Investors Executive Managing Director Ethan Penners Wall Street Journal article called The Future of Securitization ? Heres the link: http://online.wsj.com/public/page/opinion.html
Right on the money |
25% |
The future structure only relates to covered bonds |
0% |
It makes a point but isnt completely foretelling |
75% |
Off the mark |
0% |
While new deals in the securitization market are few and far between, where do you see the next uptick in issuance will be?
Covered Bonds |
60% |
Shariah-Compliant Deals |
20% |
ReREMIC Transactions |
0% |
Dont see any issuance pickup in the foreseeable future |
20% |
Third party risk analytics platforms are popping up left and right. Are these products a vital tool for investor analysis?
Yes |
50% |
No |
0% |
They are helpful but only as a supplement to investor due diligence |
50% |
Will the proposed credit card legislation from the Fed negatively impact credit card ABS?
Yes |
67% |
No |
33% |
It's a Mixed Bag |
0% |
In your opinion, how long might the downturn last before the securitization market begins its recovery?
12 to 18 months |
53% |
18 to 36 months |
37% |
36 months or longer |
11% |
Which market participant will play the most critical role in the recovery of the ABS market?
Investors |
69% |
Managers/structurers |
6% |
Rating Agencies |
13% |
Servicers |
13% |
Rating agencies have come under fire throughout the ongoing capital markets meltdown. How can they regain the trust of the market and outside observers?
They cannot. The market has changed for good. |
10% |
Reworking their business models/revenue structures helps |
67% |
They are taking appropriate steps by revamping methodologies. |
14% |
Why should they change? Others played a bigger role in the meltdown. |
10% |
When is there hope for a market recovery?
1Q09 |
41% |
4Q08 |
59% |
2010 |
0% |
2H09 |
0% |