A primer on structured finance.pdf
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A PRIMER ON STRUCTURED FINANCE
Andreas A. Jobst
#Abstract
Regulatory concerns about the impact of leveraged structured claims on financial stability in
times of stress are frequently too sweeping and indistinct for a judicious assessment of how
derivatives might propagate asset shocks across different capital market segments. This brief
chapter defines structured finance in order to inform a more specific debate about possible
regulatory challenges posed by complex forms of credit risk transfer.
Keywords:
structured finance, credit risk transfer, asset-backed securitization (ABS), securitization,mortgage-backed securitization (MBS), collateralized debt obligation (CDO), credit default swap (CDS),
Pfandbrief, Islamic finance.


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