Securities
Apr. 9, 2014
Asset-based securitization: balancing disclosure and privacy
The SEC recently proposed new disclosure rules asset-based securitization. By Mark O. Suttle
Putting aside the abuses leading to the financial crisis, the fact remains that asset-based securitization (ABS), when properly regulated, can provide significant advantages over conventional "originate to hold" financing.
Virtually any group of similar assets that generates a cash flow (e.g., mortgages, student loans, etc.) can be securitized. If like assets are properly pooled in a special purpose entity: (1) Investors only...
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