证券化市场的繁荣与崩溃令人惊叹。

Securitisation's boom and bust was spectacular.

金融资产证券化；信用风险管理；信用评等；信用增强。

Securitization of Financial Assets; Credit risk management; Credit Rating; Cedit Enhancement.

事实上，证券化市场的缺乏可能会有益于中型银行。

In fact, the lack of a securitization market could help midsize Banks.

如果没有证券化，全球就无法无限期的维持这种极端失衡状况。

Without securitisation, the world cannot sustain such extreme imbalances indefinitely.

律师事务所的安娜·派恩多表示，证券化信托的税收状况也模糊不清。

According to Anna Pinedo of a law firm, there is also fogginess around the tax status of securitization trusts.