I'm checking but "Titrisation des credits hypothecaires", first time more or less is credit foncier de france in the 90s...?

Get on to it, and post me.

What I got "En France, la titrisation a été introduite par la loi du 23 décembre 1988. Sous l'impulsion de Pierre Bérégovoy, l'idée était de faciliter le développement du crédit immobilier en permettant aux banques de sortir les créances de leurs bilans et d'améliorer leur ratio "Cooke".

Told you what I had in mind as credit foncier had a sub in NYC 89, just following a change in the legislation.

To be clear, "les banques ont utilisé massivement la titrisation comme outil de gestion du capital réglementaire imposé par le ratio Cooke dans le cadre des recommandations de Bâle I .
Dans les années 1990, l'aspect de la gestion de bilan a été le moteur le plus important du développement de la titrisation, permettant aux entreprises et aux banques de faire de véritables arbitrages réglementaires, tandis qu'une véritable mode de la cession d'actifs provoquait des dérapages.

Understand, subdued growth is not a recent move.... so .. to fight it... and avoid the social and political consequences of it... the legislation was changed, the process to allow banks to get around Bale capital requirements.... It did work, it did! Credit came back like never and financed growth.... now the bill.

2000s, show up IFRS and Bale II to end the game regulators have appreciated dangerous... well was it, I guess so, once more excess and desire for populations to see improvements in their way of life at a rapid pace, leading to the need to find new sources to finance credit and growth... following the move, appear changes, the banks looking for new sources to improve their balance sheets among which fees of all kinds. And... subdued growth bites again.... well alright if banks can't grow their lending...Govs will spend and so they do.... the hit came.

Like my movie..? Hey what's yours? I'm on the go... and on edge so I get cuts.

Let's not be abused... did Bale II played a role in the over sophistication of the latest secutisation products, the answer is yes, definitly. That's not all, in the US, securitisation has been an ever growing capital market funding technique since the mid 60s, a major contributor to the credit growth needs. It didn't cause any crisis then, did it?

So, as we 're still writing the story board...