Asset-backed securities are developed through complex processes such as asset restructuring and credit enhancement.Therefore,the information asymmetry between issuers and investors is greater compared to traditional s...Asset-backed securities are developed through complex processes such as asset restructuring and credit enhancement.Therefore,the information asymmetry between issuers and investors is greater compared to traditional securities,which imposes higher requirements on information disclosure for asset-backed securities.Asset-backed securities have characteristics such as diversified disclosers,differentiated disclosure content,and specialized risk factors.China has already formulated a series of rules and regulations regarding information disclosure of asset-backed securities.It is imperative to develop specialized laws and regulations for asset-backed securities,encompass original equity holders and credit enhancement agencies as information disclosers,incorporate information such as underlying asset details,cash flow projections,and credit ratings and enhancements into the disclosure content,and improve the legal liability rules to effectively address false disclosures.展开更多
The paper argues that the European Union’s(EU)policy of externalising migration management to transit states contrasts its founding values.Thereby,values enshrined under Article 2 TEU are intentionally interpreted in...The paper argues that the European Union’s(EU)policy of externalising migration management to transit states contrasts its founding values.Thereby,values enshrined under Article 2 TEU are intentionally interpreted in such a way to evade humanitarian responsibility concerning asylum seekers,arising from the EU and international treaty law.The paper examines the changing meanings of the principle of solidarity and argues that the solidarity has been interpreted in all possible meanings expect as a humanitarian norm to ensure that Union’s externalisation policy doesn’t contradict its founding values.It further argues that the Union’s externalisation policy encourages the transit states to evade responsibility by constructing their asylum policies on the same lines.Therefore,the EU becomes a source of adversely implicating humanitarian values in the world.The paper concludes by arguing that humanitarian interpretation of solidarity has become an issue of survival and morality for the Union.展开更多
文摘Asset-backed securities are developed through complex processes such as asset restructuring and credit enhancement.Therefore,the information asymmetry between issuers and investors is greater compared to traditional securities,which imposes higher requirements on information disclosure for asset-backed securities.Asset-backed securities have characteristics such as diversified disclosers,differentiated disclosure content,and specialized risk factors.China has already formulated a series of rules and regulations regarding information disclosure of asset-backed securities.It is imperative to develop specialized laws and regulations for asset-backed securities,encompass original equity holders and credit enhancement agencies as information disclosers,incorporate information such as underlying asset details,cash flow projections,and credit ratings and enhancements into the disclosure content,and improve the legal liability rules to effectively address false disclosures.
文摘The paper argues that the European Union’s(EU)policy of externalising migration management to transit states contrasts its founding values.Thereby,values enshrined under Article 2 TEU are intentionally interpreted in such a way to evade humanitarian responsibility concerning asylum seekers,arising from the EU and international treaty law.The paper examines the changing meanings of the principle of solidarity and argues that the solidarity has been interpreted in all possible meanings expect as a humanitarian norm to ensure that Union’s externalisation policy doesn’t contradict its founding values.It further argues that the Union’s externalisation policy encourages the transit states to evade responsibility by constructing their asylum policies on the same lines.Therefore,the EU becomes a source of adversely implicating humanitarian values in the world.The paper concludes by arguing that humanitarian interpretation of solidarity has become an issue of survival and morality for the Union.
