Securitisation in France: recent developments

O. Birouk. and F. Darves.

Quarterly selection of articles - Bulletin de la Banque de France, 2013, issue 32, 29-47

Abstract: Securitisation is growing at a moderate pace in France. With total outstanding securitised assets of EUR 215 billion at mid-2013, France ranks fifth in the euro area. The majority of securitised assets are loans to French residents. Securitisation has facilitated banks’ access to Eurosystem refinancing.

Keywords: securitisation; synthetic securitisation; retained securitisation; debts; loans; assignment; factoring; discount; credit risk; insurance risk; liability restructuring; financing; investment; securitisation vehicle; securitisation scheme; direct-lending fund; AIFM directive; conduits; bank refinancing; special purpose vehicle (Fonds commun de créances; FCC); securitisation fund (Fonds commun de titrisation; FCT); securitisation company; ABS; RMBS; CMBS; ABBT; ABCP; CLO; Basel 2; Basel 2.5 (search for similar items in EconPapers)
JEL-codes: E44 F65 G21 G22 G23 G24 G32 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:bfr:quarte:2013:32:02

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