The Financial Industry Regulatory Authority’s (Finra) proposal to disseminate pricing data for asset-backed securities faces push back from a major industry trade group, which argues that the transparency will reduce liquidity in a market that already faces liquidity challenges.

“We request that [Finra] not implement this proposal, and instead engage in further discussion with the industry as to how best to preserve ABS market liquidity, and re-propose this proposal after such discussions,” wrote Chris Killian, managing director, securitization, at the Securities Industry and Financial Markets Association (Sifma).

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