Searcher

Published on Monday, September 8, 2014 | Updated on Friday, September 19, 2014

Securitization in Spain: Past developments and expected future trends

The first securitization bonds were issued in 1993 and from 2000 the market exponentially expanded, contributing to credit growth and the development of a housing bubble. With the financial crisis outbreak, emissions dramatically decreased and regulatory attitude changed from a favorable position prior to the crisis to a punitive attitude intended to correct vulnerabilities. However, the credit crunch has led to a further change in regulators’ attitude towards the most simple and transparent structures. Thus, their importance as a funding mechanism is recognized and a more favorable treatment is considered. In this context, it is reasonable to expect that the European regulatory framework will be reviewed to revive this type of instruments.

Documents to download

Geographies

Topics

Has this information been useful?

New comment

Be the first one to add a comment.

Load more

You may also be interested in