Vries Robb̌, a solicitor for a Dutch development bank, argues that the language of securitization has begun to enter into the mainstream due to the highly publicized subprime mortgage crisis and associated write-downs. Here he and practitioners, academics, and researchers seek to form a practical legal structure of securitization transactions, particularly in Europe and Asia. The address the legal issues encountered by participants in those transactions, present structure and documentation, the impact on derivatives, collateralized loan and debt obligations, noncredit risk securitization, niche transactions, securitization of managed funds, insurance securitization, whole business securitization, and micro-finance securitization. They also describe possible rules and regulatory capital standards for securitization, accounting methods and international financial reporting standards. Annotation 2009 Book News, Inc., Portland, OR (booknews.com)
