The Global Joint Initiative to Restore Confidence in the Securitization Markets

The Global Joint Initiative to Restore Confidence in the Securitization Markets is formed of representatives from the global securitization industry. On 3 December, 2008, the group issued recommendations which identified the multiple factors which contributed to the current market crisis, presented the near- and medium-term market outlook and outlined the significant threat to global economic growth if the securitization sector does not recover.  In addition, the industry prioritized the areas of focus for the industry response which are likely to have the greatest near-term impact, and offered recommendations to enhance industry practices in the securitization and structured credit markets. 

The recommendations were issued by the Securities Industry and Financial Markets Association (SIFMA), the American Securitization Forum (ASF), the European Securitisation Forum (ESF) and the Australian Securitisation Forum (AuSF).

For a full press release outlining the recommendations, please click here.