The Federal Reserve's Financial Crisis Response E: The Term Asset-Backed Securities Loan Facility

2016 ◽  
Author(s):  
Rosalind Z. Wiggins ◽  
Andrew Metrick
Keyword(s):  
Financial Crisis ◽  
Crisis Response ◽  
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.

Evidence on the Outcomes from the Financial Crisis Response:

2020 ◽  
pp. 529-564
Author(s):  
J. NELLIE LIANG ◽  
MARGARET M. McCONNELL ◽  
PHILLIP SWAGEL
Keyword(s):  
Financial Crisis ◽  
Crisis Response

Securitization and the Financial System

2019 ◽  
pp. 152-170
Author(s):  
Hyun Song Shin
Keyword(s):  
United States ◽  
Financial Crisis ◽  
Financial System ◽  
The United States ◽  
Private Label ◽  
Subprime Mortgages ◽  
System P ◽  
Run Up ◽  
Asset Backed Securities

Mortgage securitisations rose rapidly in the early 2000s through the private label securitisation vehicles that packaged subprime mortgages. The size of the asset-backed securities sector in the United States traces well the overall leverage of the financial system in the run-up to the Great Financial Crisis.

Financial Crisis and German Criminal Law: Managers' Responsibility for Highly-Speculative Trading in Obscure Asset-Backed Securities Based on American Subprime Mortgages

2010 ◽  
Vol 11 (3) ◽  
pp. 319-329
Author(s):  
Volker Krey ◽  
Jan Stenger ◽  
Oliver Windgätter ◽  
Thomas Roggenfelder
Keyword(s):  
Financial Crisis ◽  
United Arab Emirates ◽  
Criminal Law ◽  
Financial Services ◽  
Chief Executive ◽  
Court Cases ◽  
Criminal Proceedings ◽  
Subprime Mortgages ◽  
Speculative Trading ◽  
Asset Backed Securities

“Should bankers be publicly hanged for what they have done?” During a visit to Abu Dhabi in March 2009, the author came upon this sarcastic question while reading the well-known United Arab Emirates' journal “The National.” The aforesaid question was part of an interview with Paul Koster, chief executive of the Dubai Financial Services Authority, concerning the financial crisis. He answered in the negative by saying, “There will be court cases, but public hanging is a bit extreme.” His statement has, in a way, anticipated the result of the paper at hand: There should be criminal proceedings in Germany as well; however, they should not result in draconian criminal consequences.

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