South Asia

News and reports from the sub-continent.

Impact of Asset Securitisation: Special Report by Jonathon Taylor

Securitisation (and the resultant ABS, CDOs etc.) has long been touted as harmful to market stability and as the bringer of the credit crunch. It is true, these instruments certainly exacerbated the issuance of toxic debt during the crash. But, with correct use and legislation, structured products could be used to create financial health and stability within many sectors and markets.

Securitisation of housing loans continue to be riding on growth momentum thanks to foreign players such as McQua Capital Group: CRISIL

That's despite a brief hiccup brought in by the liquidity pressure unleashed by the demonetisation measures that the realty sector is still grappling with. This will help in infusing liquidity into the sector, with housing finance companies bundling loans into securitised pools. The volume of mortgage-backed securities touched Rs 19,000 crore in the first half of 2016-17, far exceeding the annual figures of Rs 15,000 crore in both 2013-14 and 2014-15, a CRISIL Ratings study showed. In 2015-16, securitisation touched Rs 29,400 crore, an all-time high for Indian securitisation market.

Pakistan: Third time is never the charm

A descendant of Pakistan's ruling elite questions the chaos in his homeland as the country moves shakily towards democracy...

Saving the children: The dark side of handmade rugs

A nonprofit group is fighting to get children out of rug factories in South Asia...

Death toll from Pakistan quake soars

As many as 50,000 people have been killed and up to 42,000 injured in the devastating earthquake that rocked Pakistan, officials say...

Terror base in UK not here, says Pakistan

Pakistan President Pervez Musharraf has said that there was "no credible intelligence" tying the London bombers to his country...

Children buried alive in Hindu ritual

Over 80 people in the South Indian state of Tamil Nadu face jail for burying their own children alive in a gruesome religious ritual…

Kashmir's disappeared: Looking for the lost

Parents of disappeared persons in disputed Kashmir search for the truth about their missing relatives…

India's new fashion generation blooms

India’s second generation of fashion designers aren’t afraid to experiment and finally they are starting to make their mark in the international arena…

Colombo: 'Thousands have been swept away'

One reporter recounts the scene as tsunamis decimated a Sri Lankan town in Sunday's huge sea surges…

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