Comparative Study on the Securitization Markets in Japan and US

Research Project

Project/Area Number	22730082
Research Category	Grant-in-Aid for Young Scientists (B)
Allocation Type	Single-year Grants
Research Field	Civil law
Research Institution	Osaka University
Principal Investigator	KUBOTA Yasuhiko 大阪大学, 大学院・法学研究科, 准教授 (30298096)
Project Period (FY)	2010 – 2012
Project Status	Completed (Fiscal Year 2012)
Budget Amount *help	¥1,950,000 (Direct Cost: ¥1,500,000、Indirect Cost: ¥450,000) Fiscal Year 2012: ¥520,000 (Direct Cost: ¥400,000、Indirect Cost: ¥120,000) Fiscal Year 2011: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000) Fiscal Year 2010: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Keywords	証券化 / 格付機関 / 情報開示規制 / 格付機関規制 / 格付 / サブプライム問題 / 米国金融規制改革法 / ドッド=フランク法 / 証券化プロセス / 信用格付機関
Research Abstract	This study indicates that although U.S. has advanced regulatory reform on Securitization Markets, it is likely to have only limited effectiveness. This study also shows the functional limit of disclosure regulation as core regulation on markets.