The Future of Securitization

13 Pages Posted: 18 Nov 2008 Last revised: 28 Dec 2014

Date Written: May 31, 2012


Securitization, a process in which firms can raise low-cost financing by efficiently allocating asset risks with investor appetite for risk, has been one of the most dominant and fastest-growing means of capital formation in the United States and the world. The subprime financial crisis, however, has revealed certain defects with how securitization is sometimes utilized. This Article examines these defects and the extent they can, and should, be remedied going forward.

Suggested Citation

Schwarcz, Steven L., The Future of Securitization (May 31, 2012). Connecticut Law Review, Vol. 41, No. 4, p.1313 2009, Available at SSRN: or

Steven L. Schwarcz (Contact Author)

Duke University School of Law ( email )

210 Science Drive
Box 90362
Durham, NC 27708
United States
919-613-7060 (Phone)
919-613-7231 (Fax)

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