The Law of Securitisations: From Crisis to Techno-sustainability

The book "The Law of Securitisation: From Crises to Techno-sustainability" provides a comprehensive account of EU legislation in the area of structured finance, discussing the rationale behind securitisation transactions and their ESG challenges. It adopts a comparative and interdisciplinary approach, including a discussion of the main literature on structured finance transactions and the concept of shadow banking. The book will be of interest to academics, students, and practitioners of financial law.

Format: Hardback
Length: 184 pages
Publication date: 31 March 2023
Publisher: Taylor & Francis Ltd

The Law of Securitisation: From Crises to Techno-sustainability is a comprehensive and detailed account of EU legislation in the area of structured finance, encompassing the new legal rules and their analysis. The book identifies securitisation transactions as a significant factor contributing to the 2007-2008 financial crisis, alongside derivative contracts. Over a decade later, in 2017, the EU legislature passed a comprehensive legal framework to regulate securitisation in the EU.

The primary objective of this book is to discuss and analyse securitisation as financial transactions, as well as the key players involved, including originators, special purpose vehicles (SPVs), and credit rating agencies. It also delves into their ESG (Environmental, Social, and Governance) challenges, particularly in the context of the recent regulation passed during the 2020-2021 global pandemic. The legal analysis aims to identify and clarify the entire legal process of securitisation under the new EU legislation, as well as the duties, responsibilities, and practices incumbent on these main players.

Furthermore, the monograph addresses the emerging challenges facing financial markets and their regulation, particularly the concept of sustainability and the development of technology. In this complex scenario, there is a interplay between financial issues, new environmental challenges, and the role of human beings in addressing social justice perspectives.

The authors of The Law of Securitisation adopt a multi-faceted approach, combining doctrinal methodology with comparative and interdisciplinary perspectives. They also incorporate a discussion of the significant literature that has emerged over the past two decades on securitisation, regulatory issues, and law and economics.

In conclusion, The Law of Securitisation: From Crises to Techno-sustainability provides a valuable resource for scholars, policymakers, and practitioners interested in understanding the complex dynamics of securitisation and its implications for financial markets and society economy. By examining the legal framework, key players, and ESG challenges, the book offers insights into the ongoing efforts to regulate and promote sustainable finance practices.

Dimension: 234 x 156 (mm)
ISBN-13: 9780367262488