La société de titrisation

Abstract

In this memory, we tried to explain the concept of the securization company and its development in the financial market.

First, we started by presenting the history of the securization, where it came from and what was the first securization made. We showed its development in USA and Europe since the beginning to 2017. We also explained the role that the securization had played in the financial crisis of 2007.

We listed all the actors present and theirs roles in the operation, the different advantages, risks and the existing ways to avoid it.

Then, we analysed the place of the securization in Luxemburg, the regulations and the law of 2004 about it. We showed how the flexibility of this law is really important in the development of the securization in this country.

Finally, we analysed two practical cases that talked about new ways to use the securitization. We listed the different advantages and misadvantages in both cases to have a clear view of the two situations. We also expressed an opinion on the ethic and durable development in this financial sector.