Questionnaire to market participants on developments in securitisation markets

Purpose

The International Organization of Securities Commissions (IOSCO) and the Basel Committee on Banking Supervision (BCBS), in consultation with the International Association of Insurance Supervisors (IAIS) and the International Accounting Standards Board (IASB), are reviewing the evolution of securitisation markets since the global financial crisis.

This review of securitisation markets is intended to understand and identify potential impediments to the development of sustainable markets, as well as provide a contemporary basis for discussion about what further action, if any, by the relevant international standard setters may be appropriate for the development of sustainable securitisation markets.

The aim of this questionnaire, conducted by the IOSCO-BCBS Task Force on Securitisation Markets, is to survey market participants for their views on how securitisation markets have evolved since the financial crisis. The questionnaire asks whether they consider there are factors that may be hindering the development of sustainable securitisation markets as a diverse and resilient source of market-based finance, and whether there are factors inhibiting the participation of investors, particularly non-bank investors.

Specifically, this questionnaire for market participants seeks views on:

• Market developments in securitisation markets since the crisis;
• Market and regulatory developments which may be impediments to the development of sustainable securitisation markets;
• Increasing the participation of non-bank investors in securitisation markets;
• The development of simple and transparent securitisation structures.

A similar questionnaire will survey regulatory authorities.

Participation

The survey is now closed.