The Push for ABS Transparency

BNY Mellon considers creating a not-for-profit repository

Monday, December 06, 2010 , By Michael Sisk

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Securitized pools of assets -- particularly but not exclusively mortgages that proved far too opaque for adequate risk assessment -- were culprits in the financial crisis. Once vast numbers of loans were aggregated in asset-backed securities, rating agencies did not always know precisely what they were rating, and investors did not always know what they were buying.

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