Yesterday, regulators voted to lengthen the comment period on the proposed risk retention requirement from June 10th to August 1st. This will provide crucial time for many institutions to formulate and organize comments to be taken into consideration by the regulators. 

Despite the offered extension, the Asset Securitization Forum (ASF) announced that  they still intend to submit their 150-page comment letter by the original deadline of June 10th. The ASF said it wants regulators to consider industry concerns and instead of an extension, regulators should either revise the proposed rule or develop new ones. 

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.