The European Alternative Investment Fund Managers Directive (AIFMD)

The book explores the European Alternative Investment Fund Managers Directive (AIFMD) as a regulatory response to the 2008 financial crisis, particularly triggered by the collapse of Lehman Brothers. It delves into the role of financial innovations like asset-backed securities, mortgage-backed securities, collateralized debt obligations, and structured investment vehicles in the securitization of real estate risks, highlighting their contribution to the rapid spread of toxic financial instruments globally.