In this article, originally appearing in the Andrews Financial Crisis Litigation Reporter, Squire Sanders European partner Andreas Fillmann addresses the role that securitization has played in the current global financial crisis. He also discusses how the crisis needs to be handled through the implementation of reforms on an international level. Noting that problems occurred across segments, markets and countries in part because of the absence of information exchange, Dr. Fillmann states that “[t]he lack of a defined international standard has made the business of regulating liquidity risk more challenging for regulators.”
Reprinted with permission of Thomson Reuters/West.
Copyright April 2009.