Legal foundations for securitisation transactions and their practical application

master's thesis

• Title (croatian): Pravni temelji za sekuritizacijske transakcije i njihova primjena u praksi
• Author: Raul Pende
• Mentor: Tomislav Jakšić (mentor)
• Committee member: Tomislav Jakšić (predsjednik povjerenstva)
• Committee member: Antun Bilić (član povjerenstva)
• Committee member: Siniša Petrović (član povjerenstva)
• Granter: University of Zagreb; Faculty of Law; (Company Law and Company Law); Zagreb
• Defense date and country: 2023-08-31, Croatia
• Scientific / art field, discipline and subdiscipline: SOCIAL SCIENCES; Law

Abstract

Sekuritizacija je tema čije je učinke zasigurno većina ljudi osjetila, a možda neznajući spominjala budući da je povezana s posljednjom financijskom krizom čije posljedice ostaju i nakon gotovo dva desetljeća. Većina znanstvenih i diplomskih radova o sekuritizaciji dolazi iz područja ekonomije ili financija, dok je ona rijetko predmet rasprave među pravnim stručnjacima. Ideja iza ovog rada je pružiti temeljito razumijevanje pravnih osnova tih transakcija. Prvenstveno se čitatelj upoznaje s funkcionalnim aspektom transakcije u kojem se objašnjavaju subjekti, imovina, strukture i povijest. Zatim se analiziraju se svi relevantni pravni izvori koji se odnose na sekuritizaciju i njezine elemente u EU, Hrvatskoj i Luksemburgu. Naposljetku se oba pristupa sjedinjuju u analizi pravnih aspekata ključnih faza tradicionalne securitizacije.

Abstract (english)

Securitisation is a topic most people have certainly experienced the effects of and even inadvertently spoken about, since it lies at the basis of the last financial crisis lingering behind even after almost two decades. Most scientific papers and theses on securitisation come from the field of economics or finances while rarely being object of debate by legal professionals. The idea behind the thesis was to give a thorough insight into the legal foundations of those transactions. Firstly, the reader is introduced to the functional aspect of the transaction where the parties, assets, structures, and history are explained. Secondly, all relevant sources of law referring to securitisation and its elements in the EU, Croatia and Luxembourg are explained. Finally, the two approaches are combined into an analysis of the legal aspects of the crucial phases of a traditional securitisation.

• Keywords: sekuritizacija; mobilizacija imovine; upravljanje rizikom; izdavanje pokrivenih vrijednosnih papira; složene financijske operacije.
• Keywords (english): securitisation; asset mobilisation; risk management; issuance of asset-backed securities; complex financing operations.
• Language: english
• URN:NBN: urn:nbn:hr:199:779982
• Study programme: Title: Law; Study programme type: university; Study level: integrated undergraduate and graduate; Academic / professional title: magistar/magistra prava (magistar/magistra prava)
• Type of resource: Text
• File origin: Born digital
• Access conditions: Open access
• Created on: 2023-09-04 06:33:05