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The Future of Securitisation: How to Align Incentives?

17 Pages Posted: 31 Jul 2012  

Ingo Fender

Bank for International Settlements (BIS)

Janet Mitchell

National Bank of Belgium - Department of Financial Stability; Centre for Economic Policy Research (CEPR)

Date Written: September 2009

Abstract

This article reviews the recent collapse of global securitisation markets and the loss of investor confidence in them. It then sets out measures that could be taken to revive and strengthen the securitisation process, including mechanisms based on retention requirements for originators. It ends with a number of simple implications for policymakers and market practitioners.

JEL Classification: G100, G200

Suggested Citation

Fender, Ingo and Mitchell, Janet, The Future of Securitisation: How to Align Incentives? (September 2009). BIS Quarterly Review, September 2009. Available at SSRN: https://ssrn.com/abstract=1472970

Ingo Fender (Contact Author)

Bank for International Settlements (BIS) ( email )

Centralbahnplatz 2
CH-4002 Basel
Switzerland

HOME PAGE: http://www.bis.org

Janet Mitchell

National Bank of Belgium - Department of Financial Stability ( email )

14 Blvd de Berlaimont
B-1000 Brussels
Belgium
+32 2 221 3459 (Phone)
+32 2 221 3104 (Fax)

Centre for Economic Policy Research (CEPR)

77 Bastwick Street
London, EC1V 3PZ
United Kingdom

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