Orlando, Fla. - Regulation AB was obviously the talk of the town at the Information Management Network ABS East conference held here last week. Delegates were swarming to the sessions to catch up on the latest developments. To demonstrate demand, for the Sunday sessions alone, three panels were devoted exclusively to the subject matter.
On Monday's opening panel, Reg AB was one of the topics of discussion. Paul Colonna, senior vice president at GE Asset Management, said that even with the problems with standardization and the additional costs that the implementation of Reg AB entails, he likes it as an investor because it makes it easier to access information. In contrast, years ago, there was virtually no information about deals in the auto and credit card sectors, now it is much easier to get a hold of loan tapes.