Spanish paper analyses impact of securitisation on bank capital structures

bank-spain
Bank of Spain

Securitisation has an impact on the capital structure and funding policies of banks on account of the "substantial reduction in their reliance on deposits as a financing source," according to a working paper published by the Bank of Spain today.

In Securitization and banks' capital structure, Andres Almazan, Alfredo Martín-Oliver and Jesús Saurina analyse data on securitised loan issuances of Spanish banks from 1999 to 2006.

Even though in recent years securitisation has been stigmatised because

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