While it's clear that tighter rules for securitization are on their way, varying approaches to the issue by different agencies are making bankers and issuers uneasy.

At worst, government efforts to rein in ABS issuers could produce three separate regulations, each with its own elements. While the three rules would all largely do the same thing - strengthening disclosure and requiring issuers to retain 5% of the credit risk from a securitization - they have significant differences.

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.