With the ever-expanding ABS market, the growth of new ABS products and asset classes will always be an important topic. At the American Securitization Forum annual meeting to be held next week, there would be a session devoted entirely to emerging markets and products. Paul Burke, a managing director at Ambac Assurance Corp., will be moderating the discussion that would focus on such emerging assets as life insurance or triple-X transactions as well as the growth of securitization in Latin America, Asia and Eastern Europe.
"We are going to spend time talking about new products and markets that are opening up to securitization," said Burke. For instance, China is a country where potential ABS deals could emerge, especially with the two future flow government pilot programs that were completed in the past year. "The question is: Are we that much closer to a true Chinese securitization market?" Burke said.