The securitisation process in the OECD countries. An overview The issue: Main points The asset securitisation process exists in most of the OECD countries, though with differing of less degrees of importance and complexity. This process is having a notable impact on various financial aspects Financial flows between borrowers and lenders Securities market activity The analysis of credit extended by credit institutions with implications for Monetary analysis The preparation of the financial accounts.

The securitisation process in the OECD countries. An overview The proposal: First step The OECD countries would have to work on this issue using a broad- based approach: To identify the securitisation processes being carried in OECD countries. To exchange the various experiences of the countries to obtain the appropriate information on the new financial intermediaries, instruments and markets that have been emerging. To achieve the compilation of sufficiently harmonised statistics. In this respect it would be worth considering the work already undertaken by the European System of Central Banks.

The securitisation process in the OECD countries. An overview Implementation of the proposal: the questionnaire Scope of the questionnaire Work in four stages: Reception from the delegates of their suggestions and comments on the questionnaire. Completion of the questionnaire by the countries Drafting of a document setting out the main conclusions Establishing the procedures to continue to improve knowledge of this phenomenon.