Research Article
Türkiye’deki Finansal Kuruluşlar için Alternatif ve Etkili Finansman Kaynağı: İpoteğe Dayalı Menkul Kıymetler
Abstract
Keywords
Sermaye Piyasası Hukuku Mortgage Menkul Kıymetler Menkul Kıymetleştirme İpoteğe Dayalı Menkul Kıymetler
References
- BRUEGGEMAN, W. / FISHER, J. , Real Estate Finance & Investments, New York, 2011
- FRANKEL, T. / FAGAN, M. ,Law and the Financial System, Securitization and Asset Backed Securities: Law, Process, Case Studies, and Simulations, Florida, 2009
- GARNER, B. A.,Black’s Law Dictionary, St. Paul Minnesota, 2009
- KOTHARI, V., Securitization The Financial Instrumentof the Future, Singapore, 2006
- LEVITIN, A. J. / WACHTER, S. M. , Explaining the Housing Bubble, The Georgetown Law Journal, Vol. 100(2012), p. 1182
- MILLION, D. , Piercing the Corporate Veil, Financial Responsibility, and the Limits of Limited Liability, Washington & Lee School of Law Legal Studies Paper No. 2006-08, pp. 2-65.
- ÖCAL, N. ,Türkiye’de Menkul Kıymetleştirme Uygulaması, Etkileri, Sorunlar ve Çözüm Önerileri,Yüksek Lisans Tezi, Ankara,1994
- SCHWARCZ, S. L.,The Conundrum of Covered Bonds,Business Lawyer, Vol. 66 (May 2011), p. 562
- SCHWARCZ, S. L. ,The Alchemy of Asset Securitization, Stanford Journal of Law, Business and Finance, Vol. 1 (1994),p. 133 (Alchemy)
- SCHWARCZ, S. L. , The Roberta Mitchell Lecute: Structuring Responsibility in Securitzation Transactions, Capital University Law Review, Vol. 40, p. 803 (Lecture)
- SIMKOVIC, M. , Competition and Crisis in Mortgage Securitization, Indiana Law Journal, Vol. 88 (2013), p. 214
- STONE, C. A. / ZISSU, A. ,The Securitization Markets Handbook, Structures and Dynamics of Mortgage- and Asset-backed Securities, New Jersey, 2012
ALTERNATIVE AND EFFECTIVE FUNDING SOURCE FOR THE FINANCIAL INSTITUTIONSOF TURKEY: MORTGAGE-BACKED SECURITIES
Abstract
Mortgage-backed securities (MBS) issuances
regulated under the Capital Market Law No. 6362 Article 58 and the Capital Markets Board
(CMB) Communiqué on Asset-Backed and Mortgage-Backed Securities (Serial No: III
-58.1). The purpose and scope of this article is to explain general aspects of MBS
issuances and its structure as an alternative financial remedy for the
financial institution in Turkey along with the selected issues of Turkish legal
framework. This article also is a suggestion to the financial institutions of
Turkey to use MBS for raising funds from the capital markets to boost up the
domestic economic development. This article aims to take the attention of the
financial institutions to belated MBS issuances as an alternative funding
source in Turkey. If we express it here as a recent development, the “New
Economic Programme” includes the provision on supporting the securitizations (includes
the MBS issuances) in Turkey to ensure the financial depth and stability.
regulated under the Capital Market Law No. 6362 Article 58 and the Capital Markets Board
(CMB) Communiqué on Asset-Backed and Mortgage-Backed Securities (Serial No: III
-58.1). The purpose and scope of this article is to explain general aspects of MBS
issuances and its structure as an alternative financial remedy for the
financial institution in Turkey along with the selected issues of Turkish legal
framework. This article also is a suggestion to the financial institutions of
Turkey to use MBS for raising funds from the capital markets to boost up the
domestic economic development. This article aims to take the attention of the
financial institutions to belated MBS issuances as an alternative funding
source in Turkey. If we express it here as a recent development, the “New
Economic Programme” includes the provision on supporting the securitizations (includes
the MBS issuances) in Turkey to ensure the financial depth and stability.
References
- BRUEGGEMAN, W. / FISHER, J. , Real Estate Finance & Investments, New York, 2011
- FRANKEL, T. / FAGAN, M. ,Law and the Financial System, Securitization and Asset Backed Securities: Law, Process, Case Studies, and Simulations, Florida, 2009
- GARNER, B. A.,Black’s Law Dictionary, St. Paul Minnesota, 2009
- KOTHARI, V., Securitization The Financial Instrumentof the Future, Singapore, 2006
- LEVITIN, A. J. / WACHTER, S. M. , Explaining the Housing Bubble, The Georgetown Law Journal, Vol. 100(2012), p. 1182
- MILLION, D. , Piercing the Corporate Veil, Financial Responsibility, and the Limits of Limited Liability, Washington & Lee School of Law Legal Studies Paper No. 2006-08, pp. 2-65.
- ÖCAL, N. ,Türkiye’de Menkul Kıymetleştirme Uygulaması, Etkileri, Sorunlar ve Çözüm Önerileri,Yüksek Lisans Tezi, Ankara,1994
- SCHWARCZ, S. L.,The Conundrum of Covered Bonds,Business Lawyer, Vol. 66 (May 2011), p. 562
- SCHWARCZ, S. L. ,The Alchemy of Asset Securitization, Stanford Journal of Law, Business and Finance, Vol. 1 (1994),p. 133 (Alchemy)
- SCHWARCZ, S. L. , The Roberta Mitchell Lecute: Structuring Responsibility in Securitzation Transactions, Capital University Law Review, Vol. 40, p. 803 (Lecture)
- SIMKOVIC, M. , Competition and Crisis in Mortgage Securitization, Indiana Law Journal, Vol. 88 (2013), p. 214
- STONE, C. A. / ZISSU, A. ,The Securitization Markets Handbook, Structures and Dynamics of Mortgage- and Asset-backed Securities, New Jersey, 2012
There are 12 citations in total.
Details
| Primary Language | English |
|---|---|
| Journal Section | Articles |
| Authors | |
| Publication Date | December 12, 2018 |
| Published in Issue | Year 2018 Issue: 12 |