It's no secret that some of the hottest public exchanges on the state of the securitization market have involved a poker-faced Dan Stachel, head of fixed-income research at State Street Global Advisors, typically during panel discussions at ABS conferences. This year, the American Securitization Forum has nabbed him to conduct its investor-focused discussion at the organization's first annual conference this month in Scottsdale, Ariz.
Heading a panel focused on market standards and practices, Stachel and his panel intend to grade market participants. While panelists will air their own personal views, audience members will be allowed to vote in real time during the discussion and walk away with a report card on how industry participants - underwriters, issuers, investors, servicers, rating agencies, attorneys and trustees - fare on a group-by-group basis. Individual entities will not be graded.