| Autor: |
Shanuka Senarath, Pelma Jacinth Rajapakse |
| Rok vydání: |
2019 |
| Předmět: |
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| Zdroj: |
Commercial Law Aspects of Residential Mortgage Securitisation in Australia ISBN: 9783030006044 |
| DOI: |
10.1007/978-3-030-00605-1_2 |
| Popis: |
After introducing asset securitisation in the first chapter, this chapter moves further to explain asset securitisation and related concepts. This chapter defines asset securitisation and mortgage-backed securities (MBSs) in the first section. The discussion then moves to risks associated with a typical securitisation programme. This chapter engages in a discussion on off-balance sheet financing and financial advantages of asset securitisation while comparing and contrasting the traditional originate-to-hold lending model versus the originate-to-distribute model. White developing a conceptual framework, the “public benefit test”, for the analysis in the rest of the book, this chapter engages in a discussion on rationales behind regulating residential MBS (RMBS) and the need for an optimal regulatory framework for the securities market. |
| Databáze: |
OpenAIRE |
| Externí odkaz: |
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