Comptroller of the Currency John C. Dugan said today that a robust securitization market is vital to funding the needs of consumers and businesses. He urged policy makers to focus reform efforts on improving underwriting standards rather than "skin-in-the game" risk retention proposals.

"Asset securitization played a significant role in the crisis, and nobody should think that we can just wait for the market to stabilize and then go back to business as before," he said in a speech at the American Securitization Forum (ASF) conference being held in Washington, D.C. "But I hope we also recognize just how important securitization is to our economy.  Done correctly, securitization helps consumers and businesses by increasing the availability of credit on terms that might otherwise be unavailable."

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