financial markets, regulation
Administrative Law | Banking and Finance | Law
Lecture given November 11, 2010, the third of three delivered by Prof. Schwarcz as Leverhulme Visiting Professor of Law, Oxford University.
The securitization of subprime mortgage loans is widely viewed as a root cause of the financial crisis. This lecture balances the costs and benefits of securitization, focusing on what went wrong and on what needs to be fixed to curtail securitization’s abuses and make it viable again as an important financing tool. Finally, the lecture examines alternatives to securitization, focusing on covered bonds and comparing and contrasting covered bonds and securitization.
Leverhulme Lecture: The Future of Securitization (November 11, 2010) Video, audio and full text available at: http://www.law.ox.ac.uk/published/leverhulme2010.php