Ireland increasingly a destination of choice for ABS

Ireland's positive taxation legislation has helped establish it as one of the leading securitization jurisdictions in Europe, say sources at Wilmington Trust, which set up shop in Dublin six months ago.

"Six months down the line business is still booming on the Dublin front," said Alan Geraghty, managing director of Wilmington Trust services in Ireland. "We understood that establishing a business physical presence would grow our business further," he said. "The changes in legislation have opened up huge business opportunities and Dublin has become one of the leading ABS jurisdictions in Europe - the volume of ABS listed on the Dublin Stock Exchange has nearly doubled."