{"product_id":"analysis-of-non-compliant-loans-in-german-synthetic-mortgage-backed-securities-transactions-performance-and-regulatory-effects-von-gaby-trinkaus","title":"Analysis of non-compliant loans in German synthetic mortgage-backed securities transactions","description":"\u003cp\u003eOver 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.\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eIn 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.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783899369908\"\u003e\u003ch3\u003ePerformance and regulatory effects\u003c\/h3\u003e\u003c\/div\u003e","brand":"Libri","offers":[{"title":"Softcover - 9783899369908","offer_id":39438509932637,"sku":"9783899369908","price":47.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/bbe62873-6457-4cfa-b536-0bc028fda518.jpg?v=1775109248","url":"https:\/\/shop.autorenwelt.de\/products\/analysis-of-non-compliant-loans-in-german-synthetic-mortgage-backed-securities-transactions-performance-and-regulatory-effects-von-gaby-trinkaus","provider":"Autorenwelt Shop","version":"1.0","type":"link"}