Shah: Green banks must standardize loan docs and enable securitization
Jigar Shah · Our final episode: The top stories of 2024 so far · Jul 16, 2024 · at 55:58
Jigar Shah argues that green banks risk balance sheet gridlock unless they standardize debt products for secondary market buyers.
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“In order for this to be successful long-term though, they have to figure it out securitization. And that, I think, is the biggest challenge, because a lot of these folks like doing weird stuff, and if you do too much weird stuff, then that loan will sit on your balance sheet forever, because no one will buy it from you, and so if they don't get into standardized documentation, then once they've, you know you know, gotten someone to take a loan to do these things, they won't be able to sell it to someone, you know, to be able to securitize it, then put the money back in so they can put it back out the door, right?”
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