This study compares credit spreads and the pricing of securitization and covered bonds. Using a sample of 18,309 bonds … that aim to meet regulatory capital requirements would prefer securitization …

understanding for the motivation to originate securitization products is less discovered. Therefor this paper tries to identify main … banks in each Europe, Germany and USA between 1994-2009. We identified different main reasons for the banks in each region … to securitize that are in line with observable behavior of market participants. US banks use securitization mainly as …