securitization

plural securitizations · alternative UK securitisation

1. countableuncountablebusinessThe fact or process of securitizing assets; the conversion of loans into securities, usually in order to sell them on to other investors.

   Securitization became a fee-based business. […] The logic of private-label securitization was mass production, and new mortgages had to be fed into this machine constantly to sustain it.

   2020, Katharina Pistor, “4: Minting Debt”, in The Code of Capital […] , Princeton University Press, →ISBN

2. countableuncountablegovernmentThe act of convincing a relevant audience to treat a topic as a matter of security (regardless of whether it constitutes an actual threat), thus justifying the use of extraordinary measures.

   […] although the securitization of migration can be observed in both Canada and France, […]

   2011, Philippe Bourbeau, The Securitization of Migration: A Study of Movement and Order, Taylor & Francis, →ISBN, page 126

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   2004, Kristof Tamas, Mapping Study on International Migration, Inst for Future Studies The negative side-effects of securitization of migration have, however, become exacerbated as many Muslims in the U.S. and elsewhere have experienced heightened scrutiny and disbelief while travelling and in everyday life.

   The strength of the belief generated what Buzan terms a securitization effect , whereby irrespective of whether or not a material threat exists, something is constructed as a threat, with this understanding being accepted by a wide and/or specifically relevant audience.

   2009, Amnon Aran, Israel's Foreign Policy Towards the PLO: The Impact of Globalization

   The emphasis on the securitization of immigration actually began before September 11 and has resulted in policy change towards criminalizing undocumented immigrants in both the United States and Europe.

   2009, Judith Ann Warner, Battleground Immigration: M-Z, Greenwood, →ISBN

   Thus, securitization is the process where issues turn into matters of security through political intervention; these 'security matters' are then taken outside the boundaries of normal politics and the mainstream 'rules of the game' and are subsequently treated as special kinds of politics or beyond politics, therefore potentially justifying actions that fall out of the ordinary political procedures (Buzan et al. 1998: 23-24).

   2010, Thierry Balzacq, Understanding Securitisation Theory

   Use of the TP/E metaphor plays a significant role in this context, since it may be interpreted as a deliberate 'act of securitization' [3] aiming at moving the climate change issue from the domain of ordinary politics to the domain of 'security politics', […]

   2012, H. J. S. Fernando, Z.B. Klaić, J.L. McCulley, National Security and Human Health Implications of Climate Change, Springer Science & Business Media, →ISBN, page 46