Legal Spotlight
ABS investors may shudder at the mention of the word 'subprime', but that shouldn't deter issuers from using securitisation to raise capital. In our special extended feature, Neal Handa and Bruce Bloomingdale look at how the credit crisis has affected the securitisation market
Securing the future
During the past 20 years, financial institutions have used securitisation as a vital tool to manage their balance sheets, selling loans to free up capital for new business or return value to shareholders. Securitisation has also been seen as an efficient way to repackage risk and distinguish origination from portfolio investment, and many banks have taken advantage of the 'originate and distribute' model.
It is trite to note that the credit crisis has placed this financing
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