Securitization: Can ABS survive the regulators?

Special focus: Banking 2008 and beyond

Crime and punishment

Global regulators are poised to introduce draconian new rules to clamp down on the securitization industry’s worst excesses. But in doing so they could kill it off for good. Louise Bowman reports.

SUCCESS MAY HAVE many fathers and failure be an orphan but sometimes the list of potential parents can be pretty daunting. The wholesale failure of the securitization market over the past year has been laid at the door of almost everyone involved, from originators to rating agencies to regulators and to the investors themselves.