New EU Securitization Framework: Sufficient Step Forward?

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11220%2F19%3A10399151" target="_blank" >RIV/00216208:11220/19:10399151 - isvavai.cz</a>

Výsledek na webu

<a href="https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=0X5y9Sj0Ct" target="_blank" >https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=0X5y9Sj0Ct</a>

DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

New EU Securitization Framework: Sufficient Step Forward?

Popis výsledku v původním jazyce

In recent years, regulatory attention has been paid to securitization mainly because of its role in the 2008 financial crisis. The restrictive post-crisis regulatory response led to a significant reduction of the issuance volume of the EU securitization transactions whereby the EU economy lost one of the important funding channels for economic growth. This article thus focuses on the recent EU regulatory efforts to integrate and revive the EU securitization market which resulted into adoption of the so-called Securitization Regulation on 17 January 2018. Rather than providing a comprehensive doctrinal interpretation of the text of law, this article aims to lay down historical, economic as well as practical background of the regulation of securitizations. Firstly, it is devoted to the description of the securitization process, Secondly, it focuses on the key institutes of the Securitization Regulation. Thereafter, attention is paid to &quot;simple, transparent and standardized&quot; securitizations, process of obtaining the STS label and introduction the very first STS securitizations notified at the EU securitization market. Finally, it addresses a gap in the Czech legal sources and assesses an impact of the Securitization Regulation on Czech law and Czech securitization market participants. The scientific method of analysis and description was used.

Název v anglickém jazyce

New EU Securitization Framework: Sufficient Step Forward?

Popis výsledku anglicky

In recent years, regulatory attention has been paid to securitization mainly because of its role in the 2008 financial crisis. The restrictive post-crisis regulatory response led to a significant reduction of the issuance volume of the EU securitization transactions whereby the EU economy lost one of the important funding channels for economic growth. This article thus focuses on the recent EU regulatory efforts to integrate and revive the EU securitization market which resulted into adoption of the so-called Securitization Regulation on 17 January 2018. Rather than providing a comprehensive doctrinal interpretation of the text of law, this article aims to lay down historical, economic as well as practical background of the regulation of securitizations. Firstly, it is devoted to the description of the securitization process, Secondly, it focuses on the key institutes of the Securitization Regulation. Thereafter, attention is paid to &quot;simple, transparent and standardized&quot; securitizations, process of obtaining the STS label and introduction the very first STS securitizations notified at the EU securitization market. Finally, it addresses a gap in the Czech legal sources and assesses an impact of the Securitization Regulation on Czech law and Czech securitization market participants. The scientific method of analysis and description was used.

Druh

J_ost - Ostatní články v recenzovaných periodicích

CEP obor

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OECD FORD obor

50501 - Law

Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2019

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Daně a finance

ISSN

1801-6006

e-ISSN

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Svazek periodika

27

Číslo periodika v rámci svazku

1-2

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

16

Strana od-do

40-55

Kód UT WoS článku

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EID výsledku v databázi Scopus

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