European Securitisation

Introduction 7
Dominic Griffiths
Mayer Brown

The origins of securitisation in Europe 9
Leigh Ferris
Dominic Griffiths
Mayer Brown

The regulatory framework 19
Neil Hamilton
Jakub Telicka
Mayer Brown

Modelling 37
Mawgan Harris
HSBC

Securitisation of trade receivables on a cross-border basis 45
Lola Adekoya
Jake Lindsay
Mayer Brown

Consumer loan securitisations 57
James Hanley
David O'Connor
Izabela Pawlak
Mayer Brown

Auto loan and lease securitisations 67
Harjeet Lall
Mariana Padinha Ribeiro
Mayer Brown

Commercial mortgage-backed securities 83
Jaime Lad
David O'Connor
Mayer Brown

Collateral loan obligations 97
Ronan Mellon
Dolapo Oshin
Mayer Brown

Synthetic securitisation 119
Edmund Parker
Mayer Brown

Channel Islands: listing debt securities on The International Stock Exchange 141
Lucy Chambers
Paul Chanter
Emily Renouf
Ogier

Belgium 149
Sarah Libregts
Marc Vermylen
Loyens & Loeff

England and Wales 163
Miguel Brito da Silva
Jake Lindsay
Mayer Brown

Finland 175
Maria Lehtimäki
Niklas Thibblin
Waselius & Wist

France 185
Bassem Caradec
François-Régis Gonon
Mayer Brown

Germany 197
Susan Günther
Andreas Lange
Kirsten Schürmann
Mayer Brown

Ireland 209
Aiden Small
Arthur Cox LLP

Italy 223
Emanuela Campari Bernacchi
Valentina Lattanzi
Francesco Lucernari
PedersoliGattai

Luxembourg 237
Sara Gerling
Josée Weydert
NautaDutilh

The Netherlands 249
Willem Jarigsma
Martijn Rongen
Sharita Willigenburg
Loyens & Loeff

Portugal 265
José Miguel Carracho
Pedro Cassiano Santos
Vieira de Almeida

Spain 279
Héctor Bros
Jaime de la Torre
Tania Esteban
Arnau Pastor
Cuatrecasas

Switzerland 293
Judith Raijmakers
Florian Thomas Willi
Loyens & Loeff

Trustees and servicers 309
Treasa Duffy
Gary Silverman
Mayer Brown

Conduit financing of securitisation transactions 317
Robyn Llewellyn
Mayer Brown

The accounting treatment of securitisation transactions 325
Brett Lewis
Robyn Llewellyn
Mayer Brown

Sustainable securitisation: challenges and opportunities 333
Tim Healy Kavanagh
Mariana Padinha Ribeiro
Izabela Pawlak
Peter Pears
Mayer Brown

STS securitisation 343
James Hanley
Harjeet Lall
Mayer Brown

About the authors 359

About Globe Law and Business 373