'Bleak' Mood at CLO & Structured Products Summit in California
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Attendee reports less talk than expected on covered bond alternative
12/10/2008
The Expect[ed] Loss blog has a report on the CLO & Structured Products Summit held by Opal Financial Group Dec. 7-9 in Dana Point, CA.
“There was less talk about the covered bond market alternative to securitization than we would have expected,” writes GP (the blogger). “[P]erhaps alternative lending forms and mechanisms are in developmental stages behind the scenes to repaint the unfairly blemished face of the securitization industry.”
According to this report, overall “the attendees were rather bleak about what the future holds” for the structured finance market, including the likelihood of new issues in the home mortgage and bank loan arenas.
Read the blog posting: “Opal CDO/Structured Products Summit”
[Note: The Expect[ed] Loss blog is maintained by PF2 Securities Evaluations, Inc.]