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Více informací o knize Analysis of non-compliant loans in German synthetic mortgage-backed securities transactions

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Anotace knihy

Over the term of a securitisation transaction, the concept of non-compliance enables a securitising bank to classify a securitised loan as materially non-compliant with transaction-specific, contractually agreed requirements. Such a loan becomes unqualified for loss allocation to the account of the protection sellers. Therefore, non-compliant loans can directly affect transaction performance and the extent of risk transfer that is actually achieved with the transaction. The concept of non-compliance is incorporated in many securitisations independent of the underlying assets or structure.In Germany, there are currently no specific regulatory provisions in place regarding this concept. However, a bank can use discretion when classifying a loan as non-compliant and could thus report non-compliant loans strategically. This hypothesis is tested based on a unique data set. The potential regulatory effects associated with such conduct are elaborated. Suggestions are made for a more adequate regulatory treatment of non-compliant loans.

Parametry knihy

• Plný název: Analysis of non-compliant loans in German synthetic mortgage-backed securities transactions
• Podnázev: Performance and regulatory effects
• Autor: Gaby Trinkaus
• Jazyk: Angličtina
• Vazba: Brožovaná
• Počet stran: 164
• EAN: 9783899369908
• ISBN: 3899369904
• ID: 12774044
• Nakladatelství: Josef Eul Verlag Gmbh
• Hmotnost: 244 g
• Rozměry: 212 × 147 × 15 mm
• Datum vydání: December 2010

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