. We then investigate whether this effect is influenced by two key bank characteristics: securitization and bank capital … competition at the industry level lead to higher realized systemic risk. The results suggest that the use of securitization …

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 …

1. Introduction -- 2. Securitization and Lending -- 3. Interest Rate Risk -- 4. Credit Risk -- 5. Collateral and … transactions, credit default swaps and securitization. Securitized loans can often be pledged as collateral, thus facilitating new …