Study The Information Disclosure Of Asset Securitization

Asset Securitization takes the underlying asset as the credit support for financing, to some extent, it put an end to the issuer's financial situation's impact of its value, but the complex financing process also makes its value gradually move away from the underlying asset. And the lack of the information disclosure system also affects the security of the financial markets. This article mainly studied the information disclosure system of Asset Securitization, and analized the legal issues invovled in the process of the information disclosure of Asset Securitization, also put forward the suggestions to improve the information disclosure system of Asset Securitization within our borders.This article contained five parts.Introduction. It mainly illustrated the importance and research significance of the information disclosure system of Asset Securitization.The first chapter started from the definition of the information disclosure system of Asset Securitization, and analized the unique features of the information disclosure system of Asset Securitization, which based on the research of the fundemental theories of Asset Securitization and the information disclosure of the traditional stock market. It also elaborated the significance of the system and practice the information disclosure system of Asset Securitization.The second chapter was the first critical point in this article. It mainly analized on the theoretical basis of the information disclosure system of Asset Securitization. This chapter was divided into five parts. The first part analized two kinds of methods of information auditing on the basis of the information disclosure system of Asset Securitization. The second part analized in the use of the theory of mandatory information disclosure on Asset Securitization by comparing the differences between the traditional information disclosure and Asset Securitization. And on this basis, it preliminarily elaborated the standards of the information disclosure of Asset Securitization. The third part analized the standards of the major Judgment Criterion combined with the major theories, which based on the analysis of the thoery of the standard of information disclosure. The fourth part mainly analized the thoery of continuing information disclosure. The fifith part analized how to judge whether the predictable information disclosure was executed in accord with legal requirements in the process of the information disclosure system of Asset Securitization, which combined with the the theory of predictable information disclosure and the unique characteristics of Asset Securitization,.The third chapter describes the current legislative status of domestic and international the information disclosure of Asset Securitization system. Firstly, I sorted the current legislative status of United States, then analyzed the scarcity of it and the trend of current legislation, with considering the subprime crisis. Secondly, I introduced The New Basel Capital Accord and the information disclosure system of Asset Securitization.legislation in Europe.In conclusion, after introducing the information disclosure system of Asset Securitization legislation in Europe in china ,I analyzed the scarcity of it.The fourth Chapter, which I mainly recommend to the information disclosure system of Asset Securitization legislation is the second emphasis of this article . This chapter is divided into the information disclosure system of Asset Securitization,five parts. The first part is to analyse the basic structure and mode of the information disclosure system of Asset Securitization legislation. I suggested that Asset Securitization Act should be lay down by the State Council of China and set a special regulation to the information disclosure system of Asset Securitization. The second part is to analyse the content of the information disclosure system of Asset Securitization legislation.I proposed to strengthen information disclosure both on the underlying asset and the special-purpose institutions, balanced information disclosure obligations and duty of confidentiality. In the third part , I adviced to strengthen the information disclosure on credit rating and credit enhancement. Analysing the government regulatory responsibility for information disclosure is the core in the fourth part. The final part is to perfect the civil liability according to the untrue statement of the information disclosure system of Asset Securitization.On the research method, I give a comprehensive study of the information disclosure system of Asset Securitization legislation with other departments Law and Finance , according to the basic knowledge background of economic legal studies. In my course of study , I used the comparison of Identification methods and literature analysis method. After analyzing the information disclosure system of Asset Securitization legislation of both United Stated and Europe and reflection of Sub-prime crisis with the basic theories of the information disclosure system of Asset Securitization, I proposed the countermeasures in perfecting the information disclosure system of Asset Securitization legislation.