Summary of Conclusions

  • Pelma RajapakseEmail author
  • Shanuka Senarath


This final chapter of the monograph comprises the summary and main conclusions. As part of the discussion, main findings pertaining to current regulation are summarised in this chapter while emphasising findings related to the growth of residential mortgage-backed securities (RMBSs) and macroeconomic implications on the market. The next section presents a coherent summary of the proposed new regulatory framework. Finally, recommendations identified in previous chapters are presented in the abstract form, while suggesting areas for further research in future are presented at the end of the discussion.


Macroeconomic implications New regulatory framework New disclosure regime Corporations law Sophisticated investors 


Books and Book Chapters

  1. Bruce, R., McKern, B., Pollard, I. and Skully, M., Handbook of Australian Corporate Finance, 5th edition, Sydney: Butterworths, 1997.Google Scholar

Journal Articles

  1. Finch, A., ‘Securitisation’ (1995) 6 (4) Journal of Banking and Finance Law and Practice 247.Google Scholar
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Working Papers, Magazines, Newspapers and Reports

  1. Securities and Exchange Commission (U.S.), Staff Report of the Task Force on Mortgage-Backed Securities Disclosure, January 2003,
  2. Senarath, S. ‘The Dodd-Frank Act doesn’t solve the principal-agent problem in asset securitisation’ (2017) (11 November 2018).
  3. Standard and Poor’s, ‘Credit Ratings on Mortgage-Backed Securities’, Structured Finance Australia and New Zealand, Melbourne, 1998.Google Scholar

Copyright information

© The Author(s) 2019

Authors and Affiliations

  1. 1.Griffith UniversityBrisbaneAustralia
  2. 2.University of ColomboColomboSri Lanka

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