This report1 reviews some aspects of asset transfers and securitisation from a supervisory perspective by focusing largely on the transferor or issuer of asset-backed securities rather than on the purchaser or investor. It describes the mechanics of the securitisation process, the incentives for securitisation and the risks associated with it, and considers some of the factors that influence supervisors' response.
1Although not formally approved by the Basel Committee, this analysis by a Committee working group was made available to other supervisors for information.