Disclosure requirements under Regulation AB (Reg AB) might not be terribly useful to ABS investors for the time being, but in due time, periodic updates might allow investors to conduct meaningful, time-series analysis of ABS issues, particularly in the credit card ABS sector, according to market sources.

The Securities and Exchange Commission (SEC) began implementing Reg AB in January. However, nearly ten months later, some continue to question whether those reforms are actually helpful to investors. The mandate was supposed to spell out the registration requirements for the securitization industry under the Securities Act, and presumably give ABS investors more insight into the credit profile of underlying assets.

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