Securitisation in Singapore and the European Union

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  • Securitisation in Singapore and the European Union
October

11

Friday
Speaker:Professor Hans Tjio, Faculty of Law, National University of Singapore;
Professor Dirk Zetzsche, Institute for Financial Services, University of Liechtenstein, Liechtenstein
Time:2:00 pm to 4:00 pm (SGT)
Venue:Seminar Room 4-3, Block B, NUS Law (Bukit Timah Campus)
Type of Participation:Open To NUS Law Community

Description

Securitisation, which involved shifting assets off balance sheets, inadvertently led to the creation of even greater risks that were packaged into toxic instruments that brought down a number of large financial institutions. In Singapore, however, the risks of the U.S. housing market collapse and consequent mortgage and financial institution default were largely moved out of the banking sector and sold to the public. In that sense, corporate/securities laws fulfilled the purpose of disintermediation. But while these insulated Singapore banks, the losses were largely borne by investors, whose confidence in the securities market has been eroded. The roundable discusses the legal and regulatory changes that have been made in response to the crisis, and suggests further trends and reforms dealing with its aftermath from financial and economic perspectives.

Fees Applicable

NIL

Contact Information

(E) cbfl@nus.edu.sg

Organised By

Centre for Banking & Finance Law;

University of Liechtenstein

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