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.

Related Summaries