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 market participants prepare to submit comments on the recent proposal of the UK’s Financial Conduct Authority (the “FCA”) (available here) to require the temporary publication of a “synthetic” 1-, 3- and 6-month USD LIBOR,...more
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