Following the Obama Administration's declaration of its proposed legislative reforms aimed at securitization and recognizing securitization's grave persona both to the availability of consumer assign and to corporate liquidity, the Securitization and Structured Finance and Banking Law Committees bacilliform a craft NGO of lawyers with panoptic undergo in the asset securitization and banking arenas.
The Committees believed that a "white paper" describing securitization's history, structures, economics and persona in the scheme crisis, and discussing some of the possible effects of the proposed reforms, could civilize readers and assist policymakers in formulating a targeted move to securitization reform that would refrain inadvertent consequences.
The craft committee, chaired by Ellen businessman (Latham & Watkins LLP), fresh complete the paper, entitled "Securitization in the Post-Crisis Economy: An ABA Business Law Section White Paper." The White Paper was presented by the Committees to the ABA Task Force on Financial Markets Regulatory Reform, and with its encouragement, the Business Law Section volumed copies of the White Paper to Senator Dodd, Congressman Frank and another key members of Congress on Jan 25, 2010.
- White Paper Submission Letter to Congress
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