RBFL would like to congratulate Ronald S. Borod, who won a Burton Award for Distinguished Legal Writing in 2013 for his article, “Belling the Cat: Taming the Securitization Beast Without Killing It.” Mr. Borod, who is a structured finance and securitization lawyer at the international law firm, DLA Piper LLP (US) and who also is an Adjunct Professor at the BU Law School Graduate Program in Banking and Financial Law, where he teaches a course on Securitization and Structured Finance, wrote the article in connection with his participation as a panelist at the RBFL Shadow Banking Symposium in 2012. The article was selected by DLA Piper LLP (US) as its entrant in the Burton Awards Distinguished Legal Writing Competition, and it was ultimately selected as a Burton Award winner. The award was formally presented at a ceremony held in June 2013 at the Library of Congress in Washington, D.C.
Mr. Borod was invited to be a panelist at the RBFL Shadow Banking Symposium to speak on how the use of securitization technology as a liquidity creation and risk transfer vehicle was converted to an arbitrage delivery machine, with disastrous consequences for the financial markets and the broader economy. His winning article, “Belling the Cat: Taming the Securitization Beast Without Killing It,” was published in RBFL’s spring 2012 symposium issue. The article develops his thesis at the Symposium into a detailed analysis of how securitization was used in the run-up to the 2008 financial collapse and how the legislative and regulatory responses need to strike the proper balance between ending all securitization—a result which would be damaging to the economy—and allowing the corruption of securitization to cause another financial meltdown—another result which is equally intolerable.
Thank you to Mr. Borod for taking the time to attend our 2012 symposium and publish your article in our journal. RBFL is proud to have published your winning article.
On Friday, February 7, 2014, the Review of Banking & Financial Law held its Distressed Municipal Finance Symposium. Thank you to all the of our wonderful speakers for sharing their time and intellect to make the conference a success!
Professor Clayton Gillette’s keynote address was hit and one of the event’s highlights. View it here: ”Can Municipal Political Structure Improve Fiscal Performance?“