Fri, Apr 29, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

SEC urges comments from stakeholders on asset-backed securities disclosure and registration

Wednesday, February 26, 2014

Komfie Manalo, Opalesque Asia:

The U.S. Securities and Exchange Commission has called on stakeholders to provide comments on the proposed asset-backed securities (ABS) disclosure and registration to give the regulators a wider perspective before finalizing its rule on ABS.

Commissioner Michael S. Piwowar issued the appeal as the SEC reopened the comment period for ABS disclosure and registration.

Piwowar said, "During the re-opened comment period, it would be helpful to receive comments on whether asset-level data is necessary for investors to independently perform due diligence on Auto ABS and other types of non-MBS offerings. In other words, do grouped account disclosures or grouped account and pool-level disclosures provide sufficient information to investors for these types of securities? If these types of disclosures are not sufficient, or if the markets for Auto ABS and other non-MBS offerings can be further improved with asset-level disclosures, I would be interested in commenters describing any associated quantitative or qualitative benefits and costs to the markets as they exist today."

He said he looks forward to reviewing the comments to determine whether market participants understand their obligations under the described approach to handle sensitive asset-level data. An important question to answer is if there is sufficient guidance to disti......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Performance - Blackstone profits plunge 77% as performance fees dive, Hedge fund stars' fortunes hostage to market swings, Hedge fund manager goes from billionaire to millionaire in profits plunge, Hedge funds biggest losers in SunEdison's 'magic money machine'[more]

    Blackstone profits plunge 77% as performance fees dive From FT.com: Blackstone, the world’s biggest manager of alternative investments from private equity to real estate, suffered from sharply lower performance fees amid turbulent markets in the first three months of the year, even as it

  3. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  4. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  5. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the