Critics are warning that the SEC’s recently proposed rule (the “Proposed Rule”) prohibiting conflicts of interest in asset-backed securities (ABS) transactions may impede the ability of financial institutions, broker-dealers...more
4/17/2023
/ Asset-Backed Securities ,
Banking Sector ,
Banks ,
Broker-Dealer ,
Dodd-Frank ,
Financial Institutions ,
Investment Adviser ,
Proposed Rules ,
Risk Mitigation ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC)
As expected, on July 28, 2021, the Alternative Reference Rates Committee (ARRC) formally recommended the CME’s SOFR Term Rate. The SOFR Term Rate is known in advance of the related interest period and provides an indicative,...more