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Sarbanes-Oxley News & Developments
Giving Structure to Structured FinanceSome observers have voiced dismay that the Fed and other banking regulators seem unconcerned about the interests of investors.
> > Recently the Federal Reserve Board announced new guidelines designed to rein in bank sales of complex securitizations known as structured finance. However, the new guidelines fall short of prohibiting the kinds of deals that did in Enron. Instead, they amount to a list of steps banks should take to identify which transactions are likely to subject them to legal or reputational risk.
Source: CFO
Published:2004-07-19
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