The US Financial Industry Regulatory Authority (FINRA) is moving to moving to disclose trade information on additional types of securitized debt, according to a report published by Bloomberg.
On 11 July 2013, FINRA’s board has authorized its staff to seek approval from the US SEC for the update to data released through its Trade Reporting and Compliance Engine, or Trace.
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According to the report the proposal will cover bonds backed by assets including car loans and student borrowing and exclude home-loan bonds known as collateralized mortgage obligations.
FINRA has been expanding Trace to securitized debt after the opacity of trading in securities including home-loan bonds without government support added to the 2008 financial crisis.
FINRA has already started releasing trade-by-trade information on government-backed mortgage securities and aggregated data on a broader range of securitized debt.
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