THINKING TRANSPARENCY IN EUROPEAN SECURITIZATION: REPURPOSING THE MARKET’S INFORMATION INFRASTRUCTURES. / Kaniadakis, Antonios; Elbanna, Amany.

Thinking Infrastructure: Research in the Sociology of Organizations. ed. / M. Kornberger; N. Pollock. Vol.62, pp.183-205. ed. Emerald Publishing, 2019.

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Abstract

In the aftermath of the global financial crisis, transparency became a rhetorical token used to provide a solution to the financial problems. This study examines how transparency was materialised in the context of the European securitization industry, which was largely blamed for the credit crunch. We show that although transparency was broadly associated with a political call for financial system reform, in the European securitization industry it provided the basis on which to repurpose its market infrastructure. We introduce the concept of transparency work to show that transparency is a market achievement organised as a standardization network of heterogeneous actors aiming at establishing a new calculative infrastructure for managing credit risk. Combining insights from information infrastructure research and Economic Sociology, we contribute to a distributed and networked understanding of information infrastructure development.
Original languageEnglish
Title of host publicationThinking Infrastructure: Research in the Sociology of Organizations
EditorsM. Kornberger, N. Pollock
PublisherEmerald Publishing
EditionVol.62, pp.183-205
StatePublished - 2019

ID: 33418891