3.31.23
On March 27, SFA submitted a comment letter to the Securities and Exchange Commission (SEC) regarding their recently re-proposed rule on the “Prohibition of Conflicts of Interest in Securitizations.” In the letter, SFA highlights that with the sweeping scope of the rule, additional work remains to be done to appropriately assess the impact of the proposed rule on financial markets and securitization participants. Michael Bright, CEO of SFA, stated in a press release that “the re-proposal unnecessarily goes far beyond that intention and instead would create significant obstacles to essential risk management and hinder securitization participation.”