Finalizing a proposed framework, IOSCO has issued a report on securitization regulation. This came shortly before the Financial Stability Board (FSB) released a set of specific “shadow-banking reforms” that in part address securitization based on IOSCO’s views.  IOSCO’s work thus not only guides global rulemakings by banking, securities and insurance regulators, but also sets the parameters for U.S. action in this area. Of particular note here are pending rules to finalize U.S. risk-retention standards, with IOSCO recommending final action on these standards with as few exceptions as possible. It also finalized new recommendations for standardized disclosure and asset-class templates, setting out plans for global action to implement all of these reforms in as harmonized a fashion as possible by 2014.

The full report is available to retainer clients.  To find out how you can sign up for the service, click here