Reform bill might halt the ABS market, insiders say

07/21/2010 | Bloomberg · Wall Street Journal, The

Bank analysts and an industry group said regulatory-reform legislation heading to President Barack Obama might hurt the asset-backed securities market by bolstering credit raters' liability risk. The major credit rating agencies informed the industry that underwriters will no longer be allowed to use their ratings in bond-registration statements because their risk of being sued has increased.

View Full Article in:

Bloomberg · Wall Street Journal, The