走进在资产证券化(ABS)中扮演重要角色的CDO

kankan

楼主是自己撰写的吗

学习了。。。。。。。。。

学习了

资产证券化就是罪恶的开始啊

中国也将走上这样的不归路啊！但是不走，金融业又没有办法繁荣，又没有办法激活实体经济！两难啊！

A breakthrough in international cooperation in Basel III is the countercyclical capital buffer,
which addresses the natural reluctance of national authorities to adopt capital rules that are
more stringent than the internationally agreed ones. Now, faced with rapid private credit
growth amid buoyant asset prices, national authorities can impose higher capital requirements
that will bind domestic and foreign institutions alike. Rules embedded in regulation are useful,
but they will not be enough; discretionary decisions will be necessary at times.
On insurance, the International Association of Insurance Supervisors (IAIS) has a full agenda of
work to establish global capital standards for the insurance sector: from the Basic Capital
Requirements for global systemically important insurers (G-SIIs) completed in 2014, to the
Higher Loss Absorbency for G-SIIs in 2015, and finally the more ambitious, group-wide, riskbased
Insurance Capital Standard slated for adoption in 2018.
• Correcting perverse incentives. This has been done in various areas such as securitisation, but
the biggest challenge has been to address the distortions resulting from the perception that
some firms are too big to fail. You know well how much weight the rating agencies have

traditionally placed on the prospect for external support when rating big banks.
2 While some have called for the break-up of large firms as the solution, the internationally agreed approach is to treat the systemically important financial institutions more stringently in terms of required capital and in terms of more intensive supervision. Again, the logic underlying this area of reform is that of internalising better the social costs that distress at the biggest, the most connected and the most irreplaceable firms can impose. Furthermore, as a backstop to stronger capital requirements, regulators and legislators have worked to make resolution regimes a credible, ex ante alternative to official support for big firms.
• Reinforcing infrastructures. Another key area of reform is to make derivatives markets safer by moving the trading of standardised over-the-counter derivative contracts to exchanges or electronic trading platforms, and their clearing through central counterparties. Progress towards this goal has been slower than hoped and varies across jurisdictions, but much progress can be anticipated this year. Here in the United States, activity in interest rate swaps has migrated to a substantial extent. Contracts that are not centrally cleared have been made subject to higher capital requirements. Thorny questions on the cross-border interaction of different national rules are being worked through.
• Dealing with risks in the shadow banking system. Globally, the value of financial assets outside banks, insurers, pension funds and central banks rose by about 7% in 2013 over the previous year, to a total of $75 trillion. This is almost back to the pre-crisis level as a share of GDP. Not all

山东汉子 发表于 2015-3-10 09:40
　 在2007年夏季爆发并延续至今的美国次级债危机（Sub-prime Mortgage Crisis）中，以次级抵押贷款资产池为 ...

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