3CL Travers Smith Seminar: 'Securitisation, Ring-Fencing and Housing Bubbles: Financial Stability Implications of UK & EU Bank Reforms' POSTPONED

Speaker: Dr Jay Cullen (Reader in Banking Law and Financial Regulation, University of Sheffield)

Declines in property markets played a central role in the Great Financial Crisis. Off-balance sheet financing activities, particularly securitisations, were used to fund higher volumes of bank lending, concentrated in real estate. Post-crisis reforms and low investor appetite for securitisations have so far impeded any reincarnation of such markets. In response, the European Union has proposed a new Securitisation Regulation, with the aim of restarting EU securitisation markets. This seminar explores the possible legal and economic significance of this Regulation and argues that current analyses of the likely effects of securitisation on asset markets, particularly housing markets, are deficient.

3CL runs the 3CL Travers Smith Lunchtime Seminar Series, featuring leading academics from the Faculty, and high-profile practitioners. For more information on past events including recordings, please refer to the Centre activities page.

For all seminars in B16, lunch will be available beforehand in the Basement atrium area. There is no charge for lunch or to attend the seminar.

Enquiries to: 3cl@law.cam.ac.uk