Rule 122a stipulates the main investor requirements with which banks have to comply. The regulation calls for these financial institutions to have formal procedures and operations in place to monitor - on an ongoing basis and in a timely manner - performance information on the underlying exposures in structured finance assets.

This would mean being able to track and monitor the performance of aggregated pool metrics such as the exposure type, the 30-/60-/90-day delinquency rates, the default and prepayment rates, as well as the industry and geographical diversification within a pool.

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