“Rewind to 2008. The there was one word that got everyone's hair to stand on end, at that time, it was "securitisation". Now almost six years later securitization is making a comeback. And in some circles the stigma attached to the word "securitisation" has hardly faded.
Securitization as such was never the problem. The real issue was the lack of proper risk management – at both the credit risk and the operational risk levels.’
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