SEC unveils Abacus rule
GlobalCapital Securitization, is part of the Delinian Group, DELINIAN (GLOBALCAPITAL) LIMITED, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 15236213
Copyright © DELINIAN (GLOBALCAPITAL) LIMITED and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
FIG

SEC unveils Abacus rule

The SEC wants a new rule to deal with conflicts of interest in securitisations. The rule, which it proposed on Monday, would aim to stop creators and distributors of ABS betting against investors in the securitisation within a year — the problem at the heart of the notorious Abacus 2007-AC1 CDO case, which Goldman Sachs settled with the SEC for $550m.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login
Gift this article