Global Regulatory Initiatives and the Broader Impact on U.S. Securitization Practices

Abstract

This panel covers the content, likely effective date, and likely practical effects of Basel 2.5, Basel III, Dodd–Frank Section 939A, and other proposals such as the Risk Retention Rule, the Franken Amendment, the Conflict of Interest Rule, and the Volcker Rule. Unlike the more principlesbased E.U. rules, these U.S. rules are longer and more detailed, with attempts to micro-manage often leading to unintended consequences.

TOPICS: Global, legal and regulatory issues for structured finance