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dc.contributor.authorRajapakse, Pelmaen_US
dc.contributor.authorCopp, Richarden_US
dc.contributor.authorGardner, Jodien_US
dc.date.accessioned2017-05-03T12:46:34Z
dc.date.available2017-05-03T12:46:34Z
dc.date.issued2008en_US
dc.date.modified2012-09-14T01:53:20Z
dc.identifier.issn03113140en_US
dc.identifier.urihttp://hdl.handle.net/10072/28461
dc.description.abstractThere are two purposes of this article. Firstly, it examines the consequences for stakeholders, if the mortgage originator or subsequent assignee of its rights, e.g. the trustee issuer, become insolvent and considers the main legal and financial risk issues that can arise in an RMBS program in Australia. Secondly, it focuses on a qualitative assessment of the extent to which the current regulatory provisions governing the insolvency of the originator and trustee issuer either impede or facilitate the operation and growth of the RMBS market in Australia. The existing regulation for insolvency of the originator and issuer and their financial security are assessed using a "public benefit test" framework. This framework is based on the principles of social cost-benefit analysis and is used to identify an optimal RMBS legal and regulatory regime that would provide a resolution to the conflicting interests of participants in the RMBS process.en_US
dc.description.peerreviewedYesen_US
dc.description.publicationstatusYesen_US
dc.format.extent596089 bytes
dc.format.mimetypeapplication/pdf
dc.languageEnglishen_US
dc.language.isoen_US
dc.publisherMonash Universityen_US
dc.publisher.placeAustraliaen_US
dc.publisher.urihttp://www.law.monash.edu.au/about-us/publications/monlr/en_US
dc.relation.ispartofstudentpublicationNen_US
dc.relation.ispartofpagefrom370en_US
dc.relation.ispartofpageto399en_US
dc.relation.ispartofissue2en_US
dc.relation.ispartofjournalMonash University Law Reviewen_US
dc.relation.ispartofvolume34en_US
dc.rights.retentionYen_US
dc.subject.fieldofresearchCommercial and Contract Lawen_US
dc.subject.fieldofresearchcode180105en_US
dc.titleAssessment of insolvency issues for the mortgage originator and trustee-issuer in securitisation programsen_US
dc.typeJournal articleen_US
dc.type.descriptionC1 - Peer Reviewed (HERDC)en_US
dc.type.codeC - Journal Articlesen_US
gro.rights.copyrightCopyright 2008 Monash University. The attached file is reproduced here in accordance with the copyright policy of the publisher. Please refer to the journal's website for access to the definitive, published version.en_US
gro.date.issued2008
gro.hasfulltextFull Text


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