Asset-Backed Securities: Disclosure Regulation or Substantive Legislation?
In addition to improving asset-backed securities disclosure (using XBRL perhaps?), SEC Chairman Mary Schapiro called for substantive ABS regulation in a speech Tuesday to SIFMA, the parent organization of the American Securitization Forum (link to colorful Michael Lewis description): ABS Regulation In one final example, I believe there may be gaps that should be filled [...]