Having dispensed with a regional securitization team as the Asian crisis unfolded in 1997, ING Barings' decision to re-establish last year seemed confirmation of its expectation that the market is starting to pick up again. Nevertheless, the bank is expressing cautious optimism about growth in the asset-backed sector, particularly as there has been relatively little activity to date outside of Korea.
Richard Lamb, director of ING's securitization team, says that certain regulatory changes across Asia are causing the bank to increase its focus again. Like a lot of foreign ABS teams, we disbanded ours, but now we want to get back into this product, he says. There have been a lot of...
