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OCCRulemakingOCC-2011-0002

Credit Risk Retention by Securitizers

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Jul 30, 2013
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closed 5475d ago
Business Roundtable filings
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Business Roundtable filed 1 comment on this docket between Dec 4, 2012 and Dec 4, 2012. 117 other organizations filed here. The comment window closed 5475d ago.

What Business Roundtable filed (1)

Abstract

The OCC, Board, FDIC, Commission, FHFA, and HUD (the Agencies) are proposing rules to implement the credit risk retention requirements of section 15G of the Securities Exchange Act of 1934 (15 U.S.C. 78o- 11), as added by section 941 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Section 15G generally requires the securitizer of asset-backed securities to retain not less than five percent of the credit risk of the assets collateralizing the asset-backed securities. Section 15G includes a variety of exemptions from these requirements, including an exemption for asset-backed securities that are collateralized exclusively by residential mortgages that qualify as ``qualified residential mortgages,'' as such term is defined by the Agencies by rule.

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Co-filers (117)

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