Credit Risk Retention by Securitizers

 
Docket ID: OCC-2011-0002
Agency: Comptroller of the Currency (OCC)
Parent Agency: Department of the Treasury (TREAS)
Summary:
The OCC, Board, FDIC, Commission, FHFA, and HUD (the Agencies) are proposing rules to implement the credit risk retention requirements of section 15G of the Securities Exchange Act of 1934 (15 U.S.C. 78o- 11), as added by section 941 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Section 15G generally requires the securitizer of asset-backed securities to retain not less than five percent of the credit risk of the assets collateralizing the asset-backed securities. Section 15G includes a variety of exemptions from these requirements, including an exemption for asset-backed securities that are collateralized exclusively by residential mortgages that qualify as ``qualified residential mortgages,'' as such term is defined by the Agencies by rule.
RIN: Not Assigned
Docket Details open glossary dialog  
Related RINs: None
Related Dockets: None
Keyword(s): credit risk
Type: Rulemaking
 

Primary Documents

View All  (3)
Comment Period Closed
Aug 01, 2011 11:59 PM ET
Proposed Rule
Posted: 06/10/2011
ID: OCC-2011-0002-0106
Comment Period Closed
Jun 10, 2011 11:59 PM ET
Proposed Rule
Posted: 04/29/2011
ID: OCC-2011-0002-0001

Supporting Documents

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Comments Not Accepted
Supporting & Related Material
Posted: 05/22/2013
ID: OCC-2011-0002-0418
Comments Not Accepted
Supporting & Related Material
Posted: 05/22/2013
ID: OCC-2011-0002-0417
Comments Not Accepted
Supporting & Related Material
Posted: 03/16/2012
ID: OCC-2011-0002-0399

Comments

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425
Comments Received*
*This count refers to the total comment/submissions received on this docket, as of 11:59 PM yesterday. Note: Agencies review all submissions, however some agencies may choose to redact, or withhold, certain submissions (or portions thereof) such as those containing private or proprietary information, inappropriate language, or duplicate/near duplicate examples of a mass-mail campaign. This can result in discrepancies between this count and those displayed when conducting searches on the Public Submission document type. For specific information about an agency’s public submission policy, refer to its website or the Federal Register document.