Last Thursday, February 11th, SFIG staff met with the staff of Congressman Andy Barr (R-KY) to discuss ABS bond liquidity. The discussion focused on European regulatory efforts to implement "High-Quality Securitization" standards that would grant qualifying ABS products on bank balance sheets capital and potential liquidity relief, and the Basel Committee’s pending release of a final consultative document regarding the Fundamental Review of the Trading Book (“FRTB”).
SFIG will continue to present its members’ views and insights to Congress on matters affecting ABS bond liquidity. To view SFIG’s letter to the regulators on FRTB, please click here. To hear Federal Reserve Chair Janet Yellen respond to a question on the FRTB, please click here (FRTB Question at 2:58:20).