240 This figure illustrates the percentage of tranches in our final sample with the FLT, VES, OBS, and FLE method. ‘VES’ stands for vertical slice, ‘OBS’ for on-balance sheet, ‘FLT’ for first loss tranche, and ‘FLE’ for first loss exposure. This figure illustrates the number of tranches in our final sample that are originated by frequent and infrequent originators, for each of risk retention methods. ‘VES’ stands for vertical slice, ‘OBS’ for on-balance sheet, ‘FLT’ for first loss tranche, and ‘FLE’ for first loss exposure. Figure 6.2: Risk retention methods sorted by frequent vs. infrequent originator (no. of tranches). Figure 6.1: Risk retention methods (% of total sample). 14.97 2.5 48.45 34.08 FLT VES OBS FLE FLT OBS VES FLE 0 200 400 600 800 1000 1200 Infrequent Originators Frequent Originators
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