The Journal: Transparency and accountability in securitisation markets

The subprime mortgage scandal’s impact on the securitisation markets was immediate and devastating. Between 2006 and 2008, global securitisations fell by 56% while the value of transactions dropped by $2.45 trillion.

The consequences of this dramatic decline reach far beyond the securitisation industry. Because they play a key role within the global capital markets, the securitisation markets’ struggles have substantial implications for continued economic growth.