Brazil became the world’s leading
emerging securitisation market last year. And a deal that
unlocked its mortgage securitisation sector paves the way for a
mature structured finance industry.
The country accounted for more than a quarter of
the $40 billion issued by emerging markets worldwide in 2011,
according to year-end statistics presented at the American Securitization Forum
2012 in Las Vegas last week (ASF2012).
"If you look at 2006 or 2005, Brazil
wasn’t even on the radar," said ASF2012 panelist
Paul Burke, managing director at Citi. He predicted that in
three to five years time Brazil would comprise half of Latin
Trade receivables have...