This paper analyzes asset-backed commercial paper (ABCP), which played a central role in the subprime mortgage financial crisis. We document that the market size of the Euro-issued ABCP increased from 150 billion USD to 272 billion USD in early 2007. By using our novel hand-collected data set...

This paper addresses the need for transparent sustainability disclosure in the European Auto AssetBacked Securities (ABS) market, a crucial element in achieving the EU's climate goals. It proposes the use of existing vehicle identifiers, the Type Approval Number (TAN) and the...

This literature survey explores the potential avenues for the design of a green auto asset-backed security by focusing on the European auto securitization market. In this context, we examine the entire value chain of the securitization process to understand the incentives and interests involved...

In the wake of the near economic melt-down, Congress and the Securities and Exchange Commission (“SEC”) is discussing and proposing drastic changes to the regulatory structure that governs CRAs. This article attempts to further these discussions and proposals by proposing a handicapping...