{"product_id":"analysis-of-non-compliant-loans-in-gaby-trinkaus-9783899369908","title":"Analysis of non-compliant loans in German synthetic mortgage-backed securities transactions: Performance and regulatory effects","description":"Over the term of a securitisation transaction, the concept of non-compliance enables a securitising bank to classify a securitised loan as materially non-compliant with transaction-specific, contractually agreed requirements. Such a loan becomes unqualified for loss allocation to the account of the protection sellers. Therefore, non-compliant loans can directly affect transaction performance and the extent of risk transfer that is actually achieved with the transaction. The concept of non-compliance is incorporated in many securitisations independent of the underlying assets or structure. In Germany, there are currently no specific regulatory provisions in place regarding this concept. However, a bank can use discretion when classifying a loan as non-compliant and could thus report non-compliant loans strategically. This hypothesis is tested based on a unique data set. The potential regulatory effects associated with such conduct are elaborated. Suggestions are made for a more adequate regulatory treatment of non-compliant loans.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Gaby Trinkaus\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 3899369904\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9783899369908\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Josef Eul Verlag Gmbh\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 12\/01\/2010\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 166\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.45lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 8.27h x 5.83w x 0.35d","brand":"Gaby Trinkaus","offers":[{"title":"Paperback","offer_id":48446438899967,"sku":"9783899369908","price":68.9,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_86739468-c7fc-42d0-b13b-437ad91f23de.jpg?v=1777224634","url":"https:\/\/www.whiterainbookhouse.com\/products\/analysis-of-non-compliant-loans-in-gaby-trinkaus-9783899369908","provider":"WR Book House","version":"1.0","type":"link"}