Last week Standard and Poor's Corp. released its second Structured Finance Market Observation survey, gauging the market sentiment on the latest hot topic on the consolidation front - Financial Interpretation No. 46, released in mid-January by the Financial Accounting Standards Board. This survey is a followup to last year's inaugural questionnaire, which determined that while structured-finance market participants were in favor of FASB's goals, consolidation was not the way to go about accomplishing them.
This year's survey asks market participants their opinions on the impact of FIN 46 and whether or not those within its scope will comply with the proposed regulations. Additionally, S&P asks, if complied with, will the consolidation proposal achieve the desired goals of increased financial disclosure and more prudent risk assessment?