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 of November 1, 2021, dealers in security-based swaps (“SBS”) whose dealing activity exceeds certain de minimis thresholds (e.g., gross notional amount of $3 billion for credit default SBS, $150 million for other SBS, and...more