Portugal

Portuguese securitisations: an evolving market

Vincent Keaveny and Darryl Tidman, Norton Rose, London

The Portuguese securitisation market has evolved rapidly, emerging as a relatively mature and sophisticated sector of the international asset-backed market. It encompasses asset-backed consumer loan and auto lease securitisations as well as a number of benchmark residential mortgage-backed securitisations (RMBS). This developments is based upon various factors, including: