| 000 | 00000nam 2200000zi 4500 |
| 001 | 9.919028 |
|---|
| 003 | CaOODSP |
|---|
| 005 | 20230111152443 |
|---|
| 006 | m o d f |
|---|
| 007 | cr |n||||||||| |
|---|
| 008 | 230111t20232023oncd ob f|0| 0 eng d |
|---|
| 040 | |aCaOODSP|beng|erda|cCaOODSP |
|---|
| 041 | |aeng|beng|bfre |
|---|
| 043 | |an-cn--- |
|---|
| 086 | 1 |aFB3-5/2023-3E-PDF |
|---|
| 100 | 1 |aCheng, Yuteng, |eauthor. |
|---|
| 245 | 10|aMandatory retention rules and bank risk / |cby Yuteng Cheng. |
|---|
| 264 | 1|a[Ottawa] : |bBank of Canada = Banque du Canada, |c2023. |
|---|
| 264 | 4|c©2023 |
|---|
| 300 | |a1 online resource (ii, 61 pages) : |bcharts. |
|---|
| 336 | |atext|btxt|2rdacontent |
|---|
| 337 | |acomputer|bc|2rdamedia |
|---|
| 338 | |aonline resource|bcr|2rdacarrier |
|---|
| 490 | 1 |aStaff working paper = Document de travail du personnel, |x1701-9397 ; |v2023-3 |
|---|
| 500 | |a"Last updated: January 5, 2023." |
|---|
| 504 | |aIncludes bibliographical references (pages 38-41). |
|---|
| 520 | |a"This paper studies, theoretically and empirically, the unintended consequences of mandatory retention rules in securitization. The Dodd-Frank Act and the EU Securitisation Regulation both impose a 5% mandatory retention requirement to motivate screening and monitoring. I first propose a novel model showing that while retention strengthens monitoring, it may also encourage banks to shift risk. I then provide empirical evidence supporting this unintended consequence: in the US data, banks shifted toward riskier portfolios after the implementation of the retention rules embedded in Dodd-Frank"--Abstract. |
|---|
| 546 | |aIncludes abstract in French. |
|---|
| 650 | 0|aAsset-backed financing. |
|---|
| 650 | 6|aTitrisation. |
|---|
| 710 | 2 |aBank of Canada, |eissuing body. |
|---|
| 830 | #0|aStaff working paper (Bank of Canada)|v2023-3.|w(CaOODSP)9.806221 |
|---|
| 856 | 40|qPDF|s1.00 MB|uhttps://publications.gc.ca/collections/collection_2023/banque-bank-canada/FB3-5-2023-3-eng.pdf |
|---|