Despite a disappointingly small number of cross-border securitizations from Asia (excluding Japan) this year, the long-term future of ABS is still bright, said panelists at the Fabozzi/IMN conference on Asian securitization in Hong Kong last week.

The lack of liquid swap markets for regional currencies, high levels of domestic liquidity, and the limited risk appetite of monolines and investors continue to inhibit potential issuers, asset backed pros said. And even future flow transactions are unlikely to boom in the near future, agreed ratings analysts.

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