Volume 2014 - Number 34
September 12, 2014
Reg AB II Likely Brings Benefits, Higher Costs for Market Participants in Auto Loan/Lease ABS Sector
The recent adoption by the Securities and Exchange Commission of its Regulation AB II disclosure rule is expected to be a “credit positive” for the auto loan and lease ABS sector, but it probably will also raise costs for market participants and, ultimately, consumers, according to an industry consensus of the new rule. The new regulatory regime mandates standardized loan-level disclosures for ABS backed by auto loans and leases, as well as other classes, as reported previously. The loan-level data have to be provided on the SEC’s free online database known as the EDGAR system. Although specific data requirements vary by asset class, the new asset-level disclosures generally will include...
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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.
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