Over the last few decades, banks, insurers, pension funds, investments firms and other
financial institutions have become subject to sometimes dramatically new, but always …

Collecting social network data is challenging, not least because conventional approaches
rely on human participation. However, there are instances where access to research …

This article examines the role of derivatives in the context of the recent crisis in the UK
pension system, specifically in liability-driven investment schemes. It unveils derivatives' role …

We consider the role of trustees–who are nominated to protect the interests of investors–in
securitization pricing and whether investors rely on them to mitigate risks. In particular, we …

Modern, globalised financial markets are the offspring of a process of liberalisation of capital
that started with the collapse of Bretton Woods in the 1970s and culminated with a number of …

Ever since the 2007–2008 financial crisis, the European banking sector and its regulating
authorities have been seeking to revive securitization markets in Europe. The most recent …

While there is no doubt that securitisation contributed to the 2007-9 global financial crisis
(GFC), it remains a very viable and flexible financing tool especially for developing and …

This Article proposes a critical view of the resurrection of market-based channels of finance,
which in the years before 2008 were characterized chiefly by securitization and the …

Securitization transactions are vulnerable to three related but distinct information problems.
The first of which is the classic (lemons) adverse selection problem associated with the …