The Regional Bond Dealers Association (RBDA) has called on the Financial Industry Regulatory Authority (FINRA) to suspend the Trade Reporting and Compliance Engine (TRACE) reporting of agency debt trades until bank dealers are required to comply with similar rules.

In a letter to the Federal Reserve Bank and the Financial Industry Regulatory Authority, the RBDA said that requiring only the broker-dealers that are not affiliated with banks to provide the ABS and MBS data created an unlevel playing field and severely limited the amount of price transparency available to investors and other market participants.

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.