Securitization industry experts speaking at yesterday's American Securitization Forum (ASF) sunset seminar asked for clarity on new regulation directly affecting the U.S. ABS market, specifically the Volcker rule.

They discussed the notice of proposed rulemaking (NPR) for the rule, which prohibits or restricts proprietary trading. The regulation covers investments in "private funds" such as hedge funds and private-equity funds by broker-dealers with commercial bank affiliates.

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