Jump to ContentJump to Main Navigation
Finance and Investment: The European Case$
Users without a subscription are not able to see the full content.

Colin Mayer, Stefano Micossi, Marco Onado, Marco Pagano, and Andrea Polo

Print publication date: 2018

Print ISBN-13: 9780198815815

Published to Oxford Scholarship Online: January 2018

DOI: 10.1093/oso/9780198815815.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 30 March 2020

A Securitization Scheme for Resolving Europe’s Problem Loans

A Securitization Scheme for Resolving Europe’s Problem Loans

Chapter:
(p.157) 9 A Securitization Scheme for Resolving Europe’s Problem Loans
Source:
Finance and Investment: The European Case
Author(s):

Brunella Bruno

Giuseppe Lusignani

Marco Onado

Publisher:
Oxford University Press
DOI:10.1093/oso/9780198815815.003.0009

This chapter proposes a comprehensive, pan-European way of addressing the issue of non-performing exposures. We contend that securitization is the most effective way for banks to sell the bulk of their troubled loans. To this end, we propose a numerical example to describe the main characteristics of a common scheme of securitization to be applied at the European level. Such a scheme, as a European blueprint for implementation at the national level, is meant to attract funds from a wide array of investors, with a public support compatible with the current rules on state aid.

Keywords:   Securitization, non-performing loans, state aid, global financial crisis, Eurozone

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .