Footnote:
In: BIS Quarterly Review December 2014
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments December 2014 erstellt
Description:
Even when securitised assets are simple, transparent and of high quality, risk assessments will be uncertain. This will call for safeguards against potential undercapitalisation. Since the uncertainty concentrates mainly in securitisation tranches of intermediate seniority, the safeguards applied to these tranches should be substantial, proportionately much larger than those for the underlying pool of assets