Leverhulme Lecture: The Future of Securitization

Schwarcz, Steven L.

doi:10.2139/ssrn.1707053

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Leverhulme Lecture: The Future of Securitization

Steven L. Schwarcz

Duke University - School of Law

November 11, 2010

Abstract:
The securitization of subprime mortgage loans is widely viewed as a root cause of the financial crisis. This lecture balances the costs and benefits of securitization, focusing on what went wrong and on what needs to be fixed to curtail securitization's abuses and make it viable again as an important financing tool. Finally, the lecture examines alternatives to securitization, focusing on covered bonds and comparing and contrasting covered bonds and securitization.

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Date posted: November 11, 2010 ; Last revised: November 14, 2010

Suggested Citation

Schwarcz, Steven L., Leverhulme Lecture: The Future of Securitization (November 11, 2010). Available at SSRN: http://ssrn.com/abstract=1707053 or http://dx.doi.org/10.2139/ssrn.1707053

Contact Information

Steven L. Schwarcz (Contact Author)

Duke University - School of Law ( email )

Box 90360
Duke School of Law
Durham, NC 27708
United States
919-613-7060 (Phone)
919-613-7231 (Fax)