| Structured finance, or securitization, has become the grease that keeps capital markets spinning. |
| However, securitization may not get a lender completely off the hook in the eyes of credit analysts. |
| Financial innovation, such as mortgage securitization, was on balance beneficial and excesses were likely to be self-regulated. |
| The Company remains exposed to certain risks of default on the amount of receivables under securitization. |
| That's been a boost to Asia's booming market for the securitization of commercial and government debt. |
| But the cost of securitization is greater than the cost of sourcing funds in the inter-bank and retail deposit markets. |
