A clause in the SEC’s proposed overhaul of Regulation AB is suddenly causing alarm among asset-backed bond issuers, who say the measure could kill the appeal of shelf entities. The main cause for concern: For an issuer to conduct a shelf offering, a top executive would have to sign statements essentially assuring bondholders that payments will be made in full and on time. Bank of America, J.P. Morgan, Wells Fargo and other issuers have submitted comments to the SEC strongly opposing the requirement.
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Some housing pundits report the demand for housing is strong, while these same pundits, on another day say that we are in a housing affordability crisis. Can the two narratives be accurate at the same time?
Fortune Magazine and Great Place to Work this week announced the winners of its 2020 Best Companies to Work For list, ranking America’s best workplace environments for large companies. And multiple industry titans in the housing space made the list.