After parting ways with the after the American Securitization Forum (ASF), the Securities Industry and Financial Markets Association (SIFMA) said it plans to start its own unit to work on improving asset securitizations.

SIFMA, according to published reports, formed its own securitization group after the ASF announced it had ended its eight-year affiliation with the securities association yesterday, said Tim Ryan, SIFMA's chief executive, in a letter to members.

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