Mortgage-backed securities (MBS)
Trouble brewing
Despite early signs the US recession may be over, the short-term future for many of the country’s small and medium-sized banks looks grim as they struggle to deal with mounting losses on whole loan portfolios. By Rob Davies
Bringing down the house
There is evidence to support the claim that the subprime mortgage crisis in the US may have had its roots in operational risk problems. But just what caused the crisis, and could it have been averted if the firms involved had robust op risk frameworks in…
New ABS and MBS standards
The European Securitisation Forum (ESF) has responded to calls from investors in asset-backed securities for better disclosure by releasing market practice guidelines for the securitisation market.