Over the term of a securitization transaction, the concept of non-compliance allows a securitizing bank to classify a … assets or structure. In Germany, there are currently no specific regulations regarding this concept. However, a bank can use …

-specific and macroeconomic factors influencing an institution's securitization decision. CLO issuance seems to be an appropriate …. Controlling for fixed effects, we find that fixed costs of securitization are surmountable also for smaller institutions …. Interestingly, commercial banks seem to use loan securitization to access capital-market based businesses and the associated fee …

of firm's publicly observable credit quality. Under plausible assumptions about the cost of bank borrowing the model … times and bank debt in adverse times. The paper suggests that better publicly available information about firm quality and …