List of chapters for the anthology on fifty years of global securitisation –
Go back to fifty years of securitisation page.
|Serial no||Broad category/theme||Chapter theme|
How first MBS was proposed, planned, taken forward. Ginnie Mae, Fannie Mae, Freddie. How was the initial reception. What created surge in interest
Growth of securitization over the years – mortgage, asset-backed. USA, other markets
The build-up to the GFC. Early warnings. GFC and its aftermath.
|4||Economic relevance/ impact on financial markets||
How securitization has impacted financial markets over the years? Securitization and shadow-banking. How is it a significant part of the fixed income market?
|5||Economic relevance/ impact on financial markets||
Securitization and mortgage lending – availability, affordability and long-term resources for mortgage markets. Countries with developed secondary mortgage markets versus other countries.
|6||Economic relevance/ impact on financial markets||
Taking securitization to the next stage of development – whither next?
The US agency-backed market – present functioning and dynamics.
|8||RMBS market||The US non-agency-backed market – functioning, dynamics|
|9||RMBS market||MBS markets in Europe|
Using housing finance securitization models across different countries – Latin America, Asia Pacific, Europe
|11||RMBS market||Use of synthetics in the RMBS market|
|12||CMBS market||US CMBS market over the years|
Overview of non-mortgage-related asset classes (excluding CLOs)
Evolution of CLOs, repackaging transactions, synthetics, etc. US market and global markets
Intrinsic economics of CLOs – regulatory arbitrage or an alternative investment opportunity.
|16||Credit card receivables||overview, economics, drivers|
|17||Whole business securitization||Overview of transactions in US, other countries.|
|18||Trade receivables financing||
Securitization and trade receivables, from ABCP conduits to now
|19||Risk transfer devices and securitization||
Securitization as alternative risk transfer device – insurance and other fields. Has it developed into an effective means of risk transfer?
|20||Microfinance and financial inclusion||Securitization and financial inclusion|
|21||Infrastructure securitization||revenue-linked securitization in infrastructure space|
|22||Physical assets and future flows||forestry produce, other future flows|
|23||Investors and intermediaries||
Investors in long-term MBS – who they are, what are they looking for, returns, risks, threats
|24||Investors and intermediaries||The intermediaries – placement agents, traders, others|
|25||Investors and intermediaries||
The derivatives of the RMBS market – the IOs and other interest-rate-risk tranches
|26||Investors and intermediaries||Investor protection issues|
The role of rating agencies in the development of securitization market; rating agencies over the years – before and after the Crisis
|28||Legal and Regulatory||
Legislation vs non-legislation – should emerging markets rely on securitization legislation?
|29||Legal and Regulatory||
Bankruptcy remoteness, special purpose entities and challenges to true sale – over the years
|30||Legal and Regulatory||
Regulation of securitization issuances – US, European and other regulatory standards
|31||Legal and Regulatory||
Regulatory capital – Basel and other global capital requirements under Securitisation Framework
|32||Legal and Regulatory||
Simple transparent and comparable. as oppposed to complex, opaque and bespoke – can securitization be structured finance as well as STC?
|33||Legal and Regulatory||
Major global bankruptcies and how securitization stumbled or sustained
The development of accounting standards over the years – has the components approach, off-balance-sheet etc contributed to securitization over time? Present state of off balance and profit recognition
Comparison of securitization accounting practices by originators
|36||Technlogy and Fintech||Securitization and use of technlogy – mortgage markets|
|37||Technlogy and Fintech||
Securitization and tokenization – is that the next revolution to come?
|38||Technlogy and Fintech||
Blockchain technology and securitization – mortgage and non-mortgage markets
|39||Supportive agencies||Analytics and modelling – evolution of risk modelling over time|
|40||Supportive agencies||The role of I-bankers|
|41||Supportive agencies||Industry forums|