Securitization: New Mission and Risk Verification

Contents: A detailed explanation of the subprime loan problem and its macroeconomic background, legal system, accounting / tax affairs, and future issues from the securitization mechanism. A detailed analysis of the events surrounding securitization from 1996, which is said to be the first year of securitization in Japan, and a discussion of the issues and the direction of reform. An examination of the securitization of consumer financial receivables and real estate, which have raised major issues in the Japanese securitization market. Discussion of the mechanism risk and the response of related organizations, and an exploration of future issues of securitization.