January 20, 2011
SEC ADOPTS DISCLOSURE FOR ASSET-BACKED SECURITIES
The SEC today adopted new rules related to representations and warranties in asset-backed securities offerings. The final rules require securitizers of asset-backed securities to disclose fulfilled and unfulfilled repurchase requests. They also require nationally recognized statistical rating organizations to include information regarding the representations, warranties and enforcement mechanisms available to investors in an asset-backed securities offering in any report accompanying a credit rating issued in connection with such offering, including a preliminary credit rating.
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It is such a stunning article. Good to hear that the SEC is now adopting new rules related to representations and warranties in asset-backed securities offerings. It'll be an immense help to everyone. Thanks for sharing your thoughts.
Posted by: vermogensbeheer | Feb 23, 2011 9:19:59 AM