PT - JOURNAL ARTICLE AU - Michele Cea TI - How Much Skin in the Game? AID - 10.3905/jsf.2011.17.3.054 DP - 2011 Oct 31 TA - The Journal of Structured Finance PG - 54--58 VI - 17 IP - 3 4099 - https://pm-research.com/content/17/3/54.short 4100 - https://pm-research.com/content/17/3/54.full AB - This article focuses on the evolution of the securitization model. It first illustrates the rise of this practice and the reasons for its success. The discussion then deals with the flaws of the securitization paradigm that emerged during the recent financial crisis. Finally, the article describes how the Dodd–Frank Act and regulators have been tackling the issue.TOPICS: CMBS and commercial mortgage loans, CLOs, CDOs, and other structured credit, legal and regulatory issues for structured finance