Thoughts on policy, business, disclosure, and communications
It was nice last week to be included as a signer of a letter organized by Chris Whalento the Secretary of the Treasury, the Comptroller of the Currency, the Chairmen of the SEC, FDIC, Federal Reserve, and the Acting Director of the FHFA about improving the mortgage market. You can read the letter several places [...]
I watched a C-SPAN replay tonight of a Jan. 29 panel at Davos in which five industry leaders pontificate about the future of the world. This was after tonight’s 60 Minutes lead report on the exclusive Davos gathering. The 60 Minutes report was as good as ever, but a failure of vision makes itself apparent [...]
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 [...]