Wall Street Seeks More Time to Analyze ABS Rules, Urges SEC to Reissue Proposals for More Discussion
July 16, 2004
Wall Street is urging the Securities and Exchange Commission to move slowly and cautiously before adopting streamlined and codified rules for the ABS – and non-agency MBS – market, asking the agency in particular to re-publish its proposed rules with a longer comment period for a more thorough discussion of the issues.