We examine how design features and labels of complex financial securities affect pricing and performance. Hence, we … utilize the security design features required by the European Union’s Securitization Regulation and the optional STS label …

in asset price, and exacerbates credit crunch. The theory demonstrates the role of asset-backed securities on stability … Shengxing Zhang (London School of Economics).Borrowers obtain liquidity by issuing securities backed by current period payoff …