Skip to main content

Main menu

  • Home
  • Current Issue
  • Past Issues
  • Videos
  • Submit an article
  • More
    • About JSF
    • Editorial Board
    • Published Ahead of Print (PAP)
  • IPR Logo
  • About Us
  • Journals
  • Publish
  • Advertise
  • Videos
  • Webinars
  • More
    • Awards
    • Article Licensing
    • Academic Use
  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter

User menu

  • Sample our Content
  • Request a demo
  • Log in

Search

  • ADVANCED SEARCH: Discover more content by journal, author or time frame
The Journal of Structured Finance
  • IPR Logo
  • About Us
  • Journals
  • Publish
  • Advertise
  • Videos
  • Webinars
  • More
    • Awards
    • Article Licensing
    • Academic Use
  • Sample our Content
  • Request a demo
  • Log in
The Journal of Structured Finance

The Journal of Structured Finance

ADVANCED SEARCH: Discover more content by journal, author or time frame

  • Home
  • Current Issue
  • Past Issues
  • Videos
  • Submit an article
  • More
    • About JSF
    • Editorial Board
    • Published Ahead of Print (PAP)
  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter
Article

Repairing the EU Banking System and the Role of Securitization

Adam Farkas and Christian Moor
The Journal of Structured Finance Winter 2015, 20 (4) 84-96; DOI: https://doi.org/10.3905/jsf.2015.20.4.084
Adam Farkas
is an executive director at the European Banking Authority in London, U.K.
  • Find this author on Google Scholar
  • Find this author on PubMed
  • Search for this author on this site
  • For correspondence: adam.farkas@eba.europa.eu
Christian Moor
is a Policy Expert, Regulation, at the European Banking Authority in London, U.K.
  • Find this author on Google Scholar
  • Find this author on PubMed
  • Search for this author on this site
  • For correspondence: christian.moor@eba.europa.eu
  • Article
  • Info & Metrics
  • PDF (Subscribers Only)
Loading

Click to login and read the full article.

Don’t have access? Click here to request a demo 
Alternatively, Call a member of the team to discuss membership options
US and Overseas: +1 646-931-9045
UK: 0207 139 1600

Abstract

This article is a summary of a presentation the authors made at the Global ABS Conference in Barcelona on June 12, 2014. The first part of the presentation provides a macro-picture of the current state of the European Union (EU) banking system. Significant challenges within the EU banking sector continue because of the heavy debt overhang in the public and private sectors, persistent asset quality deterioration, a likely rising level of provisions, squeezed net interest margins, and profitability concerns. A dislocation between financial markets and the real economy continues to be observed, and risks to the EU growth outlook still weigh more heavily on the downside. Financial fragmentation persists, although it is receding, and retrenchment to home markets is still a concern. The distress in emerging markets may raise risk aversion and affect capital flows. The second part of the presentation provides an in-depth analysis of the historical performance, regulatory initiatives, and concerns surrounding securitization and discusses the important role securitization can play for banks and the economy as a whole. The securitization market in the EU continues to be impaired, banks are currently reluctant to use securitization as a funding tool, and investors are reluctant to invest in securitization products. Nonetheless, the European Banking Authority sees a number of compelling reasons justifying the development of a “high quality” securitization (HQS) market. Securitization, if used in a prudential way, can play an important role in helping the EU banking sector to become more robust and mature and to facilitate banks in the funding of the real economy. The securitization industry, via the establishment of the Prime Collateralised Securities (PCS) association and label, has shown regulators that it is capable of imposing some level of self-control in the development of the securitization market. If the securitization technique is used inappropriately, however, it can cause massive and long-lasting shocks to the whole financial system.

  • Copyright © 2015 EBA. All rights reserved. Not to be reproduced or redistributed without permission.
View Full Text

Don’t have access? Click here to request a demo

Alternatively, Call a member of the team to discuss membership options

US and Overseas: +1 646-931-9045

UK: 0207 139 1600

Log in using your username and password

Forgot your user name or password?
PreviousNext
Back to top

Explore our content to discover more relevant research

  • By topic
  • Across journals
  • From the experts
  • Monthly highlights
  • Special collections

In this issue

The Journal of Structured Finance: 20 (4)
The Journal of Structured Finance
Vol. 20, Issue 4
Winter 2015
  • Table of Contents
  • Index by author
Print
Download PDF
Article Alerts
Sign In to Email Alerts with your Email Address
Email Article

Thank you for your interest in spreading the word on The Journal of Structured Finance.

NOTE: We only request your email address so that the person you are recommending the page to knows that you wanted them to see it, and that it is not junk mail. We do not capture any email address.

Enter multiple addresses on separate lines or separate them with commas.
Repairing the EU Banking System and the Role of Securitization
(Your Name) has sent you a message from The Journal of Structured Finance
(Your Name) thought you would like to see the The Journal of Structured Finance web site.
CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.
Citation Tools
Repairing the EU Banking System and the Role of Securitization
Adam Farkas, Christian Moor
The Journal of Structured Finance Jan 2015, 20 (4) 84-96; DOI: 10.3905/jsf.2015.20.4.084

Citation Manager Formats

  • BibTeX
  • Bookends
  • EasyBib
  • EndNote (tagged)
  • EndNote 8 (xml)
  • Medlars
  • Mendeley
  • Papers
  • RefWorks Tagged
  • Ref Manager
  • RIS
  • Zotero
Save To My Folders
Share
Repairing the EU Banking System and the Role of Securitization
Adam Farkas, Christian Moor
The Journal of Structured Finance Jan 2015, 20 (4) 84-96; DOI: 10.3905/jsf.2015.20.4.084
del.icio.us logo Digg logo Reddit logo Twitter logo CiteULike logo Facebook logo Google logo LinkedIn logo Mendeley logo
Tweet Widget Facebook Like LinkedIn logo

Jump to section

  • Article
    • Abstract
    • REPAIRING THE EU BANKING SYSTEM
    • ROLE OF SECURITIZATION
    • CONCLUSION
  • Info & Metrics
  • PDF (Subscribers Only)
  • PDF (Subscribers Only)

Similar Articles

Cited By...

  • No citing articles found.
  • Google Scholar

More in this TOC Section

  • Highlights from Structured Finance Association (SFA)
  • Highlights from Global Capital
  • Editor’s Letter
Show more Article
LONDON
One London Wall, London, EC2Y 5EA
United Kingdom
+44 207 139 1600
 
NEW YORK
41 Madison Avenue, New York, NY 10010
USA
+1 646 931 9045
pm-research@pageantmedia.com
 

Stay Connected

  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter

MORE FROM PMR

  • Home
  • Awards
  • Investment Guides
  • Videos
  • About PMR

INFORMATION FOR

  • Academics
  • Agents
  • Authors
  • Content Usage Terms

GET INVOLVED

  • Advertise
  • Publish
  • Article Licensing
  • Contact Us
  • Subscribe Now
  • Log In
  • Update your profile
  • Give us your feedback

© 2021 Pageant Media Ltd | All Rights Reserved | ISSN: 1551-9783 | E-ISSN: 2374-1325

  • Site Map
  • Terms & Conditions
  • Cookies
  • Privacy Policy