Securitizations: Legal and Regulatory Issues

Securitizations: Legal and Regulatory Issues is a muchneeded guide to one of the most strategically important areas of structured finance. Written by over two dozen experts with handson experience, this timely and insightful work explains the benefits—and risks—of securitization, and the legal, tax, accounting, and other issues involved. It includes: detailed discussion of the assets that can be securitized; rating agency considerations; the legal structure of securitization transactions; tax consequences for issuers and investors; the effect of an issuer' bankruptcy; contractual restrictions; regulatory concerns; crossborder and futureflow transactions; financial guaranty insurance; insurance securitizations; and securitization issues unique to specific foreign countries. For newcomers to the field, Securitizations: Legal and Regulatory Issues quickly brings you up to speed. For the experienced practitioner, it serves as an essential companion and reference as new techniques arise and new markets emerge.