Moody’s: securitisation fraught with op risk
NEW YORK – The performance of a securities transaction depends not only on the creditworthiness of the underlying pool of creditors but also on the effective performance of various transaction parties. A short note from Moody’s Investors Service, Operational risks in securitisation to be revisited, released in November, looks at the operational risk pitfalls firms could face and problems involved in transactions that might be overlooked.
Moody’s says there is no special reason it has decided to
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