Insecuritization
The European Parliament is considering legislative changes that would require thorough independent due diligence on securitizations and oblige their originators or managers to retain a meaningful stake in each tranche of the issue. Financial institutions – and their trade bodies – are doing themselves no favors by vigorously opposing such reforms.
https://prosyn.org/Uif2Fqm
BRUSSELS – There is no shortage of analyses of what went wrong in the world’s capital markets over the past 18 months. What is clear is that a complex set of relationships, interactions, events, and omissions on the part of many different actors, rather than any single factor, was to blame.