The Roberta Mitchell Lecture: Structuring Responsibility in Securitization Transactions
17 Pages Posted: 20 Dec 2011 Last revised: 28 Dec 2014
Date Written: September 28, 2012
Abstract
In this Lecture, I examine how complex securitization transactions may have created a “protection gap,” the conundrum that transaction parties may be unable to purchase or might not want to pay the price for full protection. As a result, they sometimes choose or are forced to assume the good faith of the other parties to the transaction and the consistency and completeness of protections provided in the transaction documents.
Keywords: securitization, collective action, protection gap
Suggested Citation: Suggested Citation
Schwarcz, Steven L., The Roberta Mitchell Lecture: Structuring Responsibility in Securitization Transactions (September 28, 2012). Capital University Law Review, Vol. 40, No. 4, p.803, 2012, Available at SSRN: https://ssrn.com/abstract=1974694
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