understanding for the motivation to originate securitization products is less discovered. Therefor this paper tries to identify main … to securitize that are in line with observable behavior of market participants. US banks use securitization mainly as … credit risk transfer instrument and to increase performance, while European originators focus on regulatory capital arbitrage …

securitization activity, weak supervision for bank capital and too low for too long monetary policy rates. Conversely, low long …

limited by regulation largely to retail deposits and mortgages. Graphic television news pictures showed very long queues …

knowledge and expertise, established securitization and market-based finance as solutions to EMU's governance problems. …

worldwide political institutions to approve a more rigorous regulation on financial institutions and predict financial crises … theoretical models and a survey of institutions involved in securitization. With the conclusions of this analysis we evaluate the … EU regulation on credit rating agencies and current Basel II enhancements. Finally we can determine that most regulatory …

We study the effects of securitization on renegotiation of distressed residential mortgages over the current financial …-modification default rates by 9% (3.5% in absolute terms). Our findings support the view that frictions introduced by securitization create …