Which of the following statements is/are correct?

1 Securitisation is the conversion of illiquid assets into marketable securities
2 The reverse yield gap refers to equity yields being higher than debt yields
3 Disintermediation arises where borrowers deal directly with lending individuals

A. 2 only
B. 1 and 3 only
C. 2 and 3 only
D. 1, 2 and 3