Skip to main content
Article thumbnail
Location of Repository

WHAT IS STRUCTURED FINANCE?

By 

Abstract

On the heels of the April downgrades of General Motors Corp. and Ford Motor Co. to non-investment grade status, the haircut unwinding of exposed CDO positions reverberated in mounting regulatory concerns about current risk measurement standards of derivatives and the impact of complex structured finance techniques on financial stability. Subsequent warnings about the resilience of credit risk transfer to financial shocks, however, hardly extended beyond indistinct assessments of derivatives. This brief article defines structured finance in order to inform a more specific debate about the regulatory challenges posed by the assembly of asset exposures and credit risk transfer in complex structured finance transactions

Topics: structured finance, credit risk transfer, asset-backed securitization (ABS, securitization, mortgage-backed
Year: 2005
OAI identifier: oai:CiteSeerX.psu:10.1.1.353.2071
Provided by: CiteSeerX
Download PDF:
Sorry, we are unable to provide the full text but you may find it at the following location(s):
  • http://citeseerx.ist.psu.edu/v... (external link)
  • http://www.securitization.net/... (external link)
  • Suggested articles


    To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.