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Competition, securitization, and efficiency in US banks

Bayeh, Antonio; Bitar, Mohammad; Burlacu, Radu; Walker, … - In: The quarterly review of economics and finance : journal … 80 (2021), pp. 553-576

Persistent link: https://www.econbiz.de/10012655565

Brexit referendum and the UK securitization market

Kara, Alper; Karimov, Nodirbek; Anh Phuong Nguyen - In: Applied economics letters 28 (2021) 13, pp. 1092-1097

Persistent link: https://www.econbiz.de/10012589966

Rethinking Regulatory Treatment of Securitisation and Covered Bonds

Arif, Ahmed - 2021

Regulations for securitization have been subject to wide-spread criticism continuously. Before the global financial … treatment to the securitization market. Covered Bonds share many similarities with asset-backed securities, but they are … justified or not be able to control the problems in the securitization market. This article introduces the concept of …

Persistent link: https://www.econbiz.de/10013233189

The Market Structure of Securitisation and the US Housing Bubble

Wachter, Susan M. - 2015

Housing finance, and, specifically, the subprime private label securitisation market in the US, was at the epicentre of the global financial crisis. Excessive debt expansion in the run-up to the crisis resulted in credit risk, under-identified and mispriced ex ante, and in systemic risk. This...

Persistent link: https://www.econbiz.de/10013032217

The Information Content of Three Credit Ratings : The Case of European Residential Mortgage-Backed Securities

Vink, Dennis - 2015

We assess the information content of three credit ratings for tranches of newly issued European residential mortgage-backed securities. We find that tranches rated by three credit rating agencies where the rating by Standard & Poor's (S&P's) Ratings Service or Fitch is inferior to Moody's lead...

Persistent link: https://www.econbiz.de/10013033429

A Critique of the February 3, 2010 Request by the ACLI to Ban Securitizations of Life Insurance Settlements

Siegert, Paul - 2010

securitization of life insurance policies sold in the secondary market. Policymakers need to realize the true intention of ACLI and …

Persistent link: https://www.econbiz.de/10013147439

Analysis of New Regulatory Proposals for Capitalisation of Securitisation

Benaim, Shalom - 2013

We explain and analyse the modelling and other assumptions behind the new regulatory proposals for capitalisation of securitisations, in particular the modified supervisory formula (MSFA) and the revised rating based approach (RRBA). We examine the impact of the different assumptions, and find...

Persistent link: https://www.econbiz.de/10013077249

Credit Risk Securitization and Bank Soundness : Evidence from the Micro-Level for Europe

Michalak, Tobias C. - 2015

Using a unique sample of 749 cash and synthetic securitization transactions issued by 60 stock-listed bank holdings in … securitization has a negative impact on the issuing banks' financial soundness. Baseline findings hold even when controlling for … market-based indicators of bank risk. Moreover, investigating the relationship between credit risk securitization and single …

Persistent link: https://www.econbiz.de/10012749801

Back-testing Expected Shortfall : Evidence From European Securitized Real Estate

Almudhaf, Fahad - 2020

Events such as the European sovereign debt crisis, terrorism and Brexit cause more uncertainty and volatility in capital markets. This encourages us to use both conditional and unconditional forecasts (back-tests) for expected shortfall (ES) in 8 indices of listed European real estate securities...

Persistent link: https://www.econbiz.de/10012827383

Securitizing Innovation to Protect Trade Secrets Between 'the East' and 'the West' : A Neo-Schumpeterian Public Legal Reading

Vecellio Segate, Riccardo - 2020

The first target of today's global commercial and military espionage, trade secrets, are the only form of intellectual property protection to be based on the necessity of nondisclosure and secrecy rather than on the paradigm of publicity and exploitability, with the obvious consequence that...

Persistent link: https://www.econbiz.de/10012830836