SEC announces tighter rules for asset-backed securities market
The Securities and Exchange Commission (SEC) on Wednesday proposed rules to revise the disclosure, reporting and offering process for asset-backed securities (ABS) sold by Wall Street firms.
The proposals seek to make the securitisation process more transparent and provide investors with a greater scope of information on the underlying assets.
The SEC said the new proposals were intended to present investors with more detailed and current information about ABS and better align the interests of
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