In a wrap-up of securitisation trends around the world, Vera Chaplin, managing director of Asia Pacific Structured Finance Ratings for Standard & Poor's,  noted that: "European policymakers are likely to soften their stance on securitisation across a variety of regulations - for example, the inclusion of some ABS as high-quality liquid assets under the Basel III bank liquidity rule, and [a] potentially lower capital charge requirement for securitisation exposures deemed to be 'simple, transparent and standardised'."The S&P 2016 forecast for European investor-placed securitisation is between US$110 billion to US$140 billion, up 20 per cent over the firm's 2015 expectation.Some key points for the Asia Pacific region made by Chaplin were that Asian exposure offers diversification and yield for some investors - for example:China surprises all analysts with the size of its market, with about US$50 billion issuance, although mainly domestic issuance.In Australia, the domestic securitisation market was - as in several prior years - dominated by housing loan funding diversification requirements. This year will be good for what is a recovering niche in the banking sector - that is, RMBS and covered bond issuance, which are expected to exceed a combined A$40bn, said S&P.South Korea issuance for the first half of 2015 has totalled KRW20.3 trillion (about US$18bn), up 160 per cent on the pervious comparable period, mostly due to an almost 400 per cent year-on-year increase in KHFC's RMBS. Over KRW 20 trillion was issued again in the third quarter of 2015 (according to Financial Supervisory Service's Q3 report on ABS issuance of). Kookmin bank issued its first covered bond under the updated Korean covered bond legal framework.One soft market was in Japan, where there has been lower securitisation in recent years. However this may work in favour of other markets, as Japanese fund managers and investors embark on a wider offshore search for yield.