...Katerina Ivanov; Julia Jiang Purpose The purpose of this paper is to test empirically the impact of asset securitization and sale activities as well as the holdings of sub-prime related securitized products on the US bank holding companies’ (BHC) exposure to systemic risk. Design/methodology...

...Eric J. Higgins; Joseph R. Mason; Adi E. Mordel Purpose Both accounting and regulatory treatments classify securitizations as a “sale” of assets, therefore allowing the issuer to remove the assets from their books. The purpose of this paper is to present conjectural evidence of recourse activity...

.... Findings – This securitization will provide useful tools for the risk management of disability risk in a risk-based regulatory framework. Originality/value – No disability-linked securities have been defined and discussed so far. In particular, disability-linked bonds may generally serve...

...Moorad Choudry; Elizabeth Cooper; Andrew Kish Purpose – The purpose of this paper is to study bank executive compensation and securitization, two important strategic developments in finance that are central to the debate on the cause of the crisis. Design/methodology/approach – We study...

...Moorad Choudry; Bonnie Buchanan Purpose – Before the 2007 financial crisis, securitized products accounted for half the credit market. Once regarded as one of the biggest financial innovations of the last century, securitization is now viewed as a contributory factor to the crisis. Until recently...

...Moorad Choudry; Francesca Battaglia; Maria Mazzuca Purpose – The purpose of this study was to examine the 2007-2009 financial crisis to analyze how securitization relates to the Italian bank risk profile, both in terms of credit and liquidity risks. Design/methodology/approach – To test our...

...Carlos E. Ortiz; Charles A. Stone; Anne Zissu Purpose One of the main risks to investors in securitized reverse mortgages is that the value of the reverse mortgage exceeds that of the property. The purpose of this paper is to develop a model that determines paths of constant cross‐over points...