Incentives And Tranche Retention In Securitization

Ingo Fender is a Special Adviser in the Monetary and Economic Department of the Bank for International Settlements (BIS) in Basel. Before taking up his current assignment, he held various positions as Economist and Senior Economist within the BIS, including in the secretariat of the Committee on the Global Financial System (CGFS), and in the Independent Evaluation Office (IEO) of the International Monetary Fund (IMF) in Washington DC. His research interests are focused on monetary, financial market and financial stability issues, specifically in the area of structured finance and securitization markets.