The Move Toward Risk Retention for Sponsors of Asset Backed Securities

2011 ◽  
Author(s):  
Artem Shtatnov
Keyword(s):  
Asset Backed Securities ◽  
Risk Retention

scholarly journals Mandated Risk Retention in Mortgage Securitization: An Economist's View

2014 ◽  
Vol 104 (5) ◽  
pp. 82-87 ◽  
Author(s):  
Paul Willen
Keyword(s):  
Credit Risk ◽  
Mortgage Securitization ◽  
Asset Backed Securities ◽  
Risk Retention

I evaluate the empirical premise and the economic logic of the Dodd-Frank Act's requirement that issuers of asset-backed securities retain credit risk.

Asset-Backed Securities and Collateralized Debt Obligations

2004 ◽  
Vol 2004 (2) ◽  
pp. 85-97
Author(s):  
Susan Wisialko
Keyword(s):  
Collateralized Debt Obligations ◽  
Collateralized Debt ◽  
Asset Backed Securities

An Investigation of Underwriting Fees for Asset-Backed Securities

2009 ◽  
Author(s):  
Aron A. Gottesman ◽  
David Puskar
Keyword(s):  
Underwriting Fees ◽  
Asset Backed Securities

A Global Perspective on Securitized Debt

2018 ◽  
Author(s):  
Steven L Schwarcz
Keyword(s):  
United States ◽  
Financial Crisis ◽  
Capital Market ◽  
Global Financial Crisis ◽  
The United States ◽  
Global Perspective ◽  
Capital Markets Union ◽  
The Global Financial Crisis ◽  
Asset Backed Securities ◽  
The Eu

Securitisation represents a significant worldwide source of capital market financing. European investors commonly invest in asset-backed securities issued in U.S. securitisation transactions, and vice versa One of the key goals of the European Commission's proposed Capital Markets Union (CMU) is to further facilitate securitisation as a source of capital market financing as a viable alternative to bank-based finance for companies operating in the EU. To that end, this chapter explains securitisation and attempts to put its rise, its decline after the global financial crisis, and its recent CMU-inspired revival into a global perspective. It examines not only securitisation's relationship to the financial crisis but also post-crisis comparative regulatory approaches in the EU and the United States.

scholarly journals Individual Property Risk Management

2010 ◽  
Vol 2010 ◽  
pp. 1-11
Author(s):  
Michael S. Finke ◽  
Eric Belasco ◽  
Sandra J. Huston
Keyword(s):  
Risk Management ◽  
Financial Planning ◽  
Optimal Choice ◽  
Excess Risk ◽  
Individual Property ◽  
Risk Transfer ◽  
Potential Gain ◽  
Theoretical Assumptions ◽  
Property Losses ◽  
Risk Retention

This paper reviews household property risk management and estimates normatively optimal choice under theoretical assumptions. Although risk retention limits are common in the financial planning industry, estimates of optimal risk retention that include both financial and human wealth far exceed limits commonly recommended. Households appear to frame property losses differently from other wealth losses leading to wealth-reducing, excess risk transfer. Possible theoretical explanations for excess sensitivity to loss are reviewed. Differences between observed and optimal risk management imply a large potential gain from improved choice.

scholarly journals Securitisation in South Africa: Historic deficiencies and future outlook

2003 ◽  
Vol 6 (4) ◽  
pp. 744-764 ◽  
Author(s):  
A Saayman ◽  
P Styger
Keyword(s):  
South Africa ◽  
South America ◽  
Structured Finance ◽  
Future Outlook ◽  
Banking Community ◽  
Mortgage Backed Securities ◽  
Asset Backed Securities

While American investors have been able to buy mortgage-backed securities  since the late 1970s and asset-backed securities since the mid-1980s, investors  in South Africa have not become involved in this growing market.  Securitisation also spread to Europe, South America, Asia and Australia during  the 1980s. The first securitisation in South Africa was completed in 1989, but  since then only a few securitised products have been offered to the investment  community. The aim of this article is to investigate the reasons for the lack of  growth in securitisation in South Africa and to determine whether securitisation  will grow to be a significant market in South Africa. The methodology used  includes interviews held with investors, securitisation specialists and other  structured finance specialists from the banking community. Experience from  other countries is noted and included in this article

An Investigation of Underwriting Fees for Asset-Backed Securities

2012 ◽  
Vol 57 (2) ◽  
pp. 216-237
Author(s):  
David Puskar ◽  
Aron A. Gottesman
Keyword(s):  
Underwriting Fees ◽  
Asset Backed Securities
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