Even though bankers' last foray into securitisation pushed global economies into a tailspin, following the collapse of the subprime mortgage market, they have not given up on these types of investments.
Banks including JP Morgan and Credit Suisse are considering the conversion of life insurance policies into securitised bonds. Just as subprime mortgages for low-income borrowers were bundled and traded, life insurance policies are being purchased and their revenue streams sold again as debt issues.
But this week, concerns about the suitability of these investments were raised at a US congressional subcommittee hearing.
您已阅读17%（623字），剩余83%（3082字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。