Activity: Talk or presentation › Oral presentation › Professional
Description
A proposal to encourage 'simple' secutitisation (bundling and selling on of debt) is before the European Parliament. The proposal, as forwarded by the European Commission and the Council, raises question about the choice of securitisation (debt+complexity) as a ‘post-crisis’ policy instrument. And could Members of the European Parliament explain all this to citizens? (the “What Were You Thinking?” test). Answers depend on one’s preferred cognitive framing. This presentation moves on from the evaluative debate (securitisation is good/bad/it depends), to a historical enquiry into the 'post-crisis' re-emergence of securitisation. Taking an institutionalist approach, it identifies EU public institutions - not the market - as the re-starters of securitisation in Europe.
Period
22 Jun 2016
Event title
Simple, transparent and standardised securitisation: is it possible? ECMI Lunch-time meeting