A Primer to Asset Backed Securisation (The Transformation of Risks)

S. Wolfe

Working Papers from University of Southampton - Department of Accounting and Management Science

Abstract: This paper provides an introduction to a form of financial innovation which is the relatively recent phenomenon of asset backed securisation (ABS). An overview of the related issues and importance of this trend towards asset backed securisation in the UK by financial institutions is provided. Specifically, these issues are: the transformation of risks; whether recourse exists; and, what is the appropriate accounting treatment.

Keywords: FINANCIAL MARKET; INTERNATIONAL FINANCE; RISK; MANAGEMENT (search for similar items in EconPapers)
JEL-codes: D80 D81 G30 G31 M41 (search for similar items in EconPapers)
Pages: 37 pages
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:fth:sotoam:96-131

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