New disclosure requirements for public asset-backed bonds exclude private securities; critics see it as 'a massive hole' in the rules.
By Jody Shenn, Dave Michaels, and Matt Robinson, Bloomberg|August 29, 2014 at 08:59 AM
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The U.S. Securities and Exchange Commission (SEC), while expanding disclosure requirements for one set of asset-backed securities, has stepped back from a plan to shed more light on a major part of the market.