FINRA wants corporate-bond database to include all ABS

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

The Financial Industry Regulatory Authority is seeking to include all asset-backed securities in its corporate-bond database and would decide whether to disclose the information after an analysis and market observation. "For regulators, there is a demonstrated need for ABS market information," said FINRA CEO Richard Ketchum. "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 needs approval from the Securities and Exchange Commission to move ahead with the proposal.

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Wall Street Journal, The · Bloomberg

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