The NAIC is expected to drill down on several preliminary proposals covering insurance company investments in securitizations following industry feedback that was critical of the potential guidelines.

The proposed ban, prompted by the 21st Century ROAD to Housing Act, would include exemptions for build-to-rent and build-to-renovate properties.

If there’s an AI bubble that bursts, the impact on the ABS market will largely be contained, according to Fitch Ratings.