Tag Archive for 'United States Securities and Exchange Commission'

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 in the [...]

Could New SEC Disclosure Rule Revive Asset-Backed Securities Market?

Updated: Dec. 15, 2009

Update: The SEC published its one-year extension on Dec. 15, 2009.
Extension of Filing Accommodation for Static Pool
Original Post
The SEC on Monday quietly proposed a brief rule to give asset-backed securities issuers an extra year of status quo disclosure. The original rule was approved in December 2004. Monday’s 17-page double-spaced proposal would [...]