Financial Regulation
Intermediate
Tranching
The division of a pooled asset structure into classes with different priorities, loss exposure, maturities, or payment rights.
Why It Matters
Tranching reallocates risk among investors and can create securities suited to different preferences, while also increasing complexity, model dependence, and information costs.
Selected Literature
A short list of directly relevant archive entries.
1994
Advanced
2010
Intermediate
Regulating Wall Street: The Dodd-Frank Act and the New Architecture of Global Finance
Viral V. Acharya, Thomas F. Cooley, Matthew Richardson, and Ingo Walter
Wiley
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.