EC247 FINANCIAL INSTRUMENTS AND CAPITAL MARKETS Dr Helen Weeds 2013-14, Spring Term. Lecture 5: Securitisation; credit rating. LEARNING OUTCOMES. At the end of the topic the student should understand: Securitisation What asset-backed securities (ABS) are
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EC247 FINANCIAL INSTRUMENTS AND CAPITAL MARKETSDr Helen Weeds2013-14, Spring Term
Lecture 5: Securitisation; credit rating
At the end of the topic the student should understand:
What are structured securities?
CRAs failed to spot major financial failures and/or were slow to adjust ratings
Tweaks to try to improve CRA performance