Securitization, Structured Finance, and Covered Bonds

26 Pages Posted: 2 Dec 2012 Last revised: 28 Dec 2014

Steven L. Schwarcz

Duke University School of Law

Date Written: December 14, 2012

Abstract

This is one of three lectures I am giving in December 2012 at universities and government agencies in Shanghai and Beijing. This lecture begins by reviewing securitization’s role in the global financial crisis. Next, it examines securitization’s problems and compares the U.S. and Chinese regulatory approaches. Thereafter, the lecture addresses the future of securitization, including covered bonds and the new Chinese regime of asset-backed notes. Finally, the lecture compares Chinese asset-backed notes with covered bonds and securitization.

Suggested Citation

Schwarcz, Steven L., Securitization, Structured Finance, and Covered Bonds (December 14, 2012). Available at SSRN: https://ssrn.com/abstract=2182597 or http://dx.doi.org/10.2139/ssrn.2182597

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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