TY - BOOK ID - 84656171 TI - Securitization : The Road Ahead AU - Segoviano, Miguel. AU - Blankenheim, Johannes. AU - Jones, Bradley. AU - Lindner, Peter. PY - 2015 SN - 1498303528 1498317952 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Securities KW - Asset-Backed Financing KW - Mortgage-Backed Securities KW - Economic Policy KW - Financial Risk Management KW - Business & Economics KW - Political Science KW - SECURITIES KW - ASSET-BACKED FINANCING KW - MORTGAGE-BACKED SECURITIES KW - ECONOMIC POLICY KW - FINANCIAL RISK MANAGEMENT KW - BUSINESS & ECONOMICS KW - POLITICAL SCIENCE KW - Investments: General KW - Money and Monetary Policy KW - Industries: Financial Services KW - Banks KW - Depository Institutions KW - Micro Finance Institutions KW - Mortgages KW - Pension Funds KW - Non-bank Financial Institutions KW - Financial Instruments KW - Institutional Investors KW - Investment Banking KW - Venture Capital KW - Brokerage KW - Ratings and Ratings Agencies KW - Financial Institutions and Services: Government Policy and Regulation KW - Monetary Policy, Central Banking, and the Supply of Money and Credit: General KW - General Financial Markets: General (includes Measurement and Data) KW - Investment & securities KW - Finance KW - Monetary economics KW - Securitization KW - Credit ratings KW - Loans KW - Financial services KW - Money KW - Financial institutions KW - Asset-backed financing KW - Financial instruments KW - United States UR - https://www.unicat.be/uniCat?func=search&query=sysid:84656171 AB - The discussion in this note seeks to preserve the beneficial features of securitization while mitigating those that may pose risks to financial stability. A comprehensive set of reforms—targeting both supply- and demand-side inefficiencies—will be needed to put securitization back on a sound, growth-supportive footing. The note departs from others in proposing a broad suite of principles applicable to various elements of the financial intermediation chain. After indentifying where policy makers have already made progress, we then propose measures to address remaining impediments to the rehabilitation of securitization markets. We also encourage more consistent industry standards for the classification of risk (albeit applied at a granular rather than overarching level). Finally, we introduce various initiatives that could aid in fostering the development of a diversified non-bank investor base for securitization in Europe. ER -