European Institute of Management and Finance | Asset Securitisation
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Asset Securitisation

Asset Securitisation: Mortgage and Asset-Backed Securities

Asset securitisation was at the heart of the financial crisis but most losses were due to just one sector, in one country – US sub-prime mortgages. Elsewhere, securitisation continued its roles in providing an alternative funding source for issuers and a menu of risk/return for investors – from AAA that performs as AAA to ‘Equity’ – across an ever-widening range of asset types. This course explains how securitisation is done, why it is done – from issuers’ and investors’ perspectives, the various risks involved, how – and to what extent – they are mitigated. It incorporates case studies from each of the major asset sectors – residential mortgages, auto loans, CLOs, commercial MBS, etc.

Expected Outcomes

Delegates will understand:

  • How securitisation is done
  • The role of the SPV/SPE
  • The various parties involved and their roles
  • How the rating agencies effectively determine the ‘tranching’
  • The attractions for issuers
  • The various risks and how they are managed
  • The pros and cons for investors
  • How and why structures vary


Michael Stafferton

Michael began his financial markets career in 1986 on the Financial Engineering desk at Yamaichi International, then one of the so-called ‘Big Four’ Japanese securities houses. The desk was mainly responsible for designing, structuring and swapping vanilla and structured bond issues for European clients. He then moved to a coverage role, predominantly in the UK and Eire, with responsibility for some of the more technically demanding clients, including the Bank of England and the European Investment Bank. He greatly expanded the volume of deals done, including a government, major banks, building societies and corporates. The role also involved working on UK privatisations and with the bank and fund management arm. In 1994 he moved to Kleinwort Benson with responsibility for debt, convertible and tax-structured origination with a number of top UK companies and helped launch an FRN.

He has been training across a wide spectrum of cash instruments, derivatives, commodities and in risk management and regulation since 1999, at up to senior management level globally, his clients comprising mainly the top tier investment banks and fund managers, and is the author of a textbook on credit derivatives (Credit Derivatives Workbook, Euromoney, 2004).

He is an Associate with Moody’s

DATE: 5, 6 March

DURATION: 14 Hours


LOCATION: EIMF Premises, Nicosia

TIME: 09:00 – 17:15

FEES: HRDA eligible €292, non-HRDA eligible €530 (both + €100.70 VAT)

Start DateCourse TitleLocationCPD UnitsStatus
5 FebruaryAlternative Investment Funds (AIF) and Undertakings in Collective Investment Transferable Securities (UCITS)Nicosia6COMPLETED
7 FebruaryFundamentals of Fund Administration and CustodyNicosia5COMPLETED
27 FebruaryInvestment Fund Administration, Operations & CustodyNicosia 5COMPLETED
5 MarchAsset SecuritisationNicoasia5COMPLETED
8 MarchCII Award in Investment Planning
21 MarchUnderstanding the role and responsibilities of the depository under AIF, UCITS and AIFLNPsNicosia5UPCOMING
27 MarchOverview of the Cyprus Fund Sector: A legal Operational ApproachNicosia5UPCOMING
19 AprilInstitutional Portfolio ManagementNicosiaUPCOMING
23 AprilFund Administration A to ZNicosia6UPCOMING
10 MayRegulation (EU) 2017/1131 on money market fundsNicosiaUPCOMING
12 MayProspectus Law and Public TakeoversNicosiaUPCOMING
17 MayPackaged Retail and Insurance-based Investment Products (PRIIPs)NicosiaUPCOMING
17 MayUnderstanding and Negotiating ISDA Master Agreement OTC DocumentationNicosiaUPCOMING
29 MayAlternative Investment Funds (AIF), AIFMD, and Undertakings for Collective Investment in Transferable Securities (UCITS)Nicosia6UPCOMING
14 JuneCompliance in the Financial Services Sector – the Compliance Function in PracticeLimassol10UPCOMING

Who should attend:

The seminar is of relevance to both originators and investors in asset-backed securities:

  • Corporate treasurers and CFOs
  • Risk Managers
  • Compliance Officers
  • Investment officers
  • Investment advisers
  • Plan sponsors
  • Bank officers
  • Securities analysts
  • other individuals whose professional future may be enhanced by an understanding of the asset securitization technique.

Registration Form

Register Here!

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