SEC Chairman Gary Gensler endorses ABS proposal

"As directed by Congress, today’s re-proposed rule would prohibit so-called securitization participants—those who sell or facilitate the sale of an asset-backed security—from engaging in a transaction that would involve or result in a material conflict of interest with investors in that ABS. The prohibition would last for a year after the ABS’s first sale"

To read this article, you need to sign in.


You should only be asked to sign in once. Not the case? Click here


New to Regulatory Compliance Watch?

Register now to read this article and more for free.