On October 31, a group of 25 bipartisan members of the House Financial Services Committee wrote to SEC Chairman Gary Gensler to express concerns about the re-proposed conflict of interest rule for securitization. The letter emphasizes that the rule goes beyond the intent of Congress and would prohibit ordinary market activities like risk mitigating hedging. The committee members urge the SEC to strike the right balance between protecting investors while minimizing potential unintended consequences to the securitization market. Additionally, several HFSC members reiterated these concerns during the Capital Markets Subcommittee hearing, “Examining the SEC’s Agenda: Unintended Consequences for U.S. Capital Markets and Investors,” on Thursday.
HFSC Members Write to the SEC on Re-Proposed Rule on Conflicts of Interest in Securitizations
Published on November 3, 2023
Recent News
WSJ: Strain on Small and Large Banks in the CRE Sector
July 12, 2024
Michael Bright Featured in RealClearMarkets
July 2, 2024