Evan Drutman Quoted in The Hill

Evan Drutman was quoted in a recent The Hill article discussing controversial new SEC-proposed regulations that could affect hundreds of billions of dollars in asset-backed securities.  If enacted, the proposed regulations would impose sweeping changes to the private part of the market, which has traditionally been exempted from many disclosure and reporting requirements imposed on the public market.  “The consequence of requiring comparable disclosure and reporting in public and private deals could very well be a complete drying-up of the private market,” Drutman said.  “And that could force certain issuers and certain products out of the securitization market entirely, eliminating a vital source of capital for certain issuers and an important investment for certain investors.”