The concept for the development of the "high - quality" securitizatiom in the context of the building a capital markets union in Europe Cover Image

Концепцията за развитието на "висококачествената" /"квалифицирана"/ секютиризация в контекста на изграждането на съюза на капиталовите пазари в Европа
The concept for the development of the "high - quality" securitizatiom in the context of the building a capital markets union in Europe

Author(s): Vanya Ivanova
Subject(s): Economy
Published by: Бургаски свободен университет
Keywords: high-quality (qualified) securitization; Capital markets union; asset-backed securities (ABS); financial regulation

Summary/Abstract: The article examines the initiatives taken by the European Commission, other European institutions and international organizations to ensure the uniform quality standards and adequate regulatory treatment of the securitization as a prerequisite for the recovery of the securitization market in Europe, which was severely affected by the global financial crisis. Although certain problematic applications of the securitization technology were among the causes for triggering of the crisis, the recovery of that market is currently being considered as a significant factor in overcoming the consequences thereof and for building a Capital markets union in Europe. The basic criteria for differentiation of the quality of the securitization products provided in the developed proposals for an EU framework for „high-quality“ („qualified“) securitisation have been presented, as well as the expected impact of the implementation of this new classification for achieving the objectives of this concept.

  • Issue Year: 20/2015
  • Issue No: 02
  • Page Range: 58-68
  • Page Count: 10
  • Language: Bulgarian