Slides available here (February 2020)
Presented by William Perraudin
The lectures provide a balanced overview of the securitisation market with an emphasis on its risk characteristics and how those are reflected in regulatory frameworks. The evolution of the market’s official attitudes is also explained, alongside the implications of the Basel 3 framework for securitisation.
The material presents an analysis of the broad economic and financial pressures that drive the market, examining the role of the ratings agencies in the market and what motivates buy-side and sell-side market participants in using securitisation techniques and how this is likely to evolve in the future.