Finra seeks to add asset-backed securities to bond database

10/2/2009 | Wall Street Journal, The · Bloomberg

The Financial Industry Regulation Authority wants to include asset-backed securities in its corporate-bond database, a move that would make financial market information more readily available to regulators. "Greater disclosure around these securities directly linked to the credit crisis will allow for more effective oversight with a deeper understanding of market dynamics," Finra's CEO says. The agency must get Securities and Exchange Commission approval to move forward.

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Wall Street Journal, The · Bloomberg

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