(International Financial Law Review)

Industry insiders gathered at the recent American Securitization Forum Conference expect that the upcoming risk retention release (expected something in second quarter 2012) will be a re-proposal rather than the final rule.  A total of 13,000 comments have been received by the six regulators working on the development of the rule, and there are indications that there is disagreement among the responsible agencies.  According to Jason Kravitt, deputy chair of the ASF, "It would be a mistake not to have a re-exposure because it's so complicated; they've needed to change so many things."  (Read the full story here.)