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Additional Resources
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Title IX: Investor Protections and Improvements to the Regulation of Securities
American Bankers Association Contacts
Sally Miller (202) 663-5325 (Exec Comp/Corp Governance)
Carolyn Walsh(202) 663-5253 (Exec Comp/Corp Governance)
Lisa Bleier (202) 663-5479 (Corporate Governance)
Cris Naser (202) 663-5332 (Credit Rating Agencies/Securitization)
Bob Davis (202) 663-5588 (Risk Retention)
Joe Pigg (202) 663-5480 (Risk Retention)
Dechert LLP Authors
Stephen H. Bier (212) 698-3889 (Executive Compensation/Corporate Governance)
Elliott R. Curzon (202) 261-3341 (Investor Protection)
William K. Dodds (212) 698-3557 (Enforcement)
Kathleen Massey (212) 698-3686 (Enforcement)
Gordon Sung (212) 649-8786 (Enforcement)
Justin C. Danilewitz (215) 994-2629 (Enforcement)
Ruth S. Epstein (202) 261-3322 (SEC Match Funding & Annuity Exemptions)
Christopher D. Carlson (202) 261-3320 (SEC Match Funding)
Edward L. Pittman (202) 261-3387 (Municipal Securities)
Timothy A. Stafford (212) 698-3504 (Credit Rating Agencies)
Matthew D. Root (212) 698-3881 (Credit Rating Agencies)
Bene Ness (617) 728-7178 (Credit Rating Agencies)
Joshua A. Strathman (949) 442-6016 (Asset Backed Securities Risk Retention)
Summary
Title IX contains a broad set of initiatives intended to improve (i) investor protection in a variety of areas; (ii) securities disclosures, including disclosures regarding executive compensation and asset-backed securities; and (iii) securities enforcement, including improvements to the timeliness of the enforcement process.
Title IX also seeks to address areas that have been identified as contributing to the 2008-2009 financial crisis. Among other things, it imposes risk retention requirements in connection with certain asset-backed securities and by reforming the regulation of credit rating agencies.
The risk retention provisions are likely to have a significant impact on the operations of depository institutions and their affiliates. Federal regulators will have substantial discretion to tailor the implementing regulations to address the nature of the assets involved and the underwriting characteristics of the underlying assets in a particular securitization.
The following links provide expanded analysis within this section:
- 9.1 Investor Protection Initiatives
- 9.2 SEC Studies and Rulemaking
- 9.3 Streamlined Self Regulatory Organization Rulemaking
- 9.4 SEC Point of Sale Rulemaking Authority
- 9.5 Enforcement
- 9.6 Securities Investor Protection Corporation Reforms
- 9.7 Short Sale Reforms
- 9.8 SEC and Other Agencies May Share Information without Waiving Privilege
- 9.9 Enhanced Application of Antifraud Provisions
- 9.10 Improvements to the Regulation of Credit Rating Agencies
- 9.11 Improvements to the Asset-Backed Securitization Process
- 9.12 Corporate Governance and Executive Compensation
- 9.13 PCAOB Authority
- 9.14 Portfolio Margining
- 9.15 Securities Lending
- 9.16 Comptroller General Study of Proprietary Trading
- 9.17 Improvements to the Management of the SEC
- 9.18 Municipal Securities
- 9.19 Comptroller General Study of Proprietary Trading
- 9.20 Senior Investor Protection Grants
- 9.21 Changes to and Studies Regarding Section 404(b) of the Sarbanes-Oxley Act
- 9.22 Custodians of Investment Company and Adviser Client Assets
- 9.23 SEC Match Funding
- 9.24 Exemption for State-Regulated Equity-Indexed Annuities
