performance. Nevertheless, the effect of residential mortgage loans securitization on bank risk appeared to be negative after the … crisis, indicating that the securitization of this type of credit can reduce the bank risk in the detriment of a lower profit …

through diversification. In recent years, the development of markets for credit securitization and credit derivatives has … are quite severe. A potential successful application of credit securitization and credit derivatives for managing credit …

Asset-backed securitization transactions that are structured to achieve a true sale of the underlying assets, i.e. a … legal change of ownership, are usually performed “non-recourse.” However, many securitization transactions show signs of … that occurs when financial intermediaries sell theirs assets. Implicit recourse in securitization transactions might also …