All coursework must comply with the requirements of the Oxford University Standard for the Citation of Legal Authorities (4th edn) (‘OSCOLA’) which can be found at www.law.ox.ac.uk/research-subject-groups/publications/oscola 
Question: ‘The basic issue with securitisation is the role of asymmetric information. In particular, banks rely on soft information to grant and manage loans. Since this information cannot be credibly transmitted to the market when loans are securitised, banks might lack incentives to screen borrowers at origination or to keep monitoring them once the lending has been securitised. […] Such perverse incentives would not operate if banks could find ways to overcome or at least mitigate the effects of asymmetric information at the moment of securitisation.’ 
Ugo Albertazzi, Ginette Eramo, Leonardo Gambacorta and Carmelo Salleo, ‘Securitisation is not evil after all’ (2011) Bank of Italy Temi di Discussione Working Paper 796.
 Critically assess the law and regulation of securitisation in the United Kingdom with regard to the above statement.