"Long-term growth in the asset-backed market will come not from banks but from corporates." So reckons Maarten Stegwee, head of European asset finance at Credit Suisse First Boston. Speaking at Euromoney's global borrowers' and investors' forum in London last month, Stegwee explained why so many observers expect explosive growth in corporate asset-backed issuance. "If we had the luxury of redesigning the corporate balance sheet from scratch to create the best possible long-term capital structure, securitization would have a big role," he said.
July 01, 2001