Financial Regulation
Intermediate
Securitization
A financing process that pools receivables or other assets and issues securities whose payments depend on cash flows from the pool.
Why It Matters
Securitization can diversify and fund assets, but it also separates origination from risk bearing and makes disclosure, servicing, bankruptcy isolation, and incentive design central to financial law.
Selected Literature
A short list of directly relevant archive entries.
1994
Advanced
2010
Advanced
Regulating the Shadow Banking System
Gary Gorton and Andrew Metrick
Brookings Papers on Economic Activity
2012
Intermediate
Related Cases
1996
Financial Law
United States v. Winstar Corp.
518 U.S. 839 (1996)
Government contractual commitments made during thrift supervisory mergers and later regulatory change.