The asset-backed securities market spun off some of the most complex and ultimately damaging forms of debt during the financial crisis. Now, that market is about to face tighter regulations.
Last week, the Securities and Exchange Commission proposed a list of rules to improve investor transparency about the deals they are investing in. Some of the more stringent regulations are intended to give investors more time to analyze materials before a deal, and force companies bringing deals to market to take a stake in the securities they are selling to investors.
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