Prospects for Securitisation in Transition Economies

Companies & Securities Law Journal, Vol. 27, 2010

26 Pages Posted: 22 Dec 2009 Last revised: 14 Jan 2010

Abstract

Sometimes, missing the boat is a blessing. Unlike a number of other Asian economies, and despite prodding by both industry participants and the international financial institutions, Viet Nam did not rush to put in place legislative frameworks to facilitate securitisation. Forgotten in the rush over the last two decades to replicate securitisation structures around the world has been how profoundly rooted they are in the contextual framework of the US economy and its regulatory system. This article looks at the basics of securitisation as it developed in the United States, how securitisation was reinvented elsewhere and investigates some of the experimentation with securitisation in Asia. The article identifies the major considerations important to implementation of securitisation in transition economies, in particular, Viet Nam.

Keywords: securitization, transition economies, financial regulatory reform, Vietnam

JEL Classification: F36, G15, G21, G28, K22

Suggested Citation

Jordan, Cally E., Prospects for Securitisation in Transition Economies. Companies & Securities Law Journal, Vol. 27, 2010. Available at SSRN: https://ssrn.com/abstract=1526673

Cally E. Jordan (Contact Author)

Melbourne Law School ( email )

University Square
185 Pelham Street, Carlton
Victoria, Victoria 3010
Australia

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