RT Journal Article SR Electronic T1 A Challenge for the Future: Issuing ABCP in the New Regulatory Environment JF The Journal of Structured Finance FD Institutional Investor Journals SP 9 OP 14 DO 10.3905/jsf.2011.17.1.009 VO 17 IS 1 A1 James J. Croke A1 Peter C. Manbeck A1 Timothy P. Mohan A1 Sharad A. Samy YR 2011 UL https://pm-research.com/content/17/1/9.abstract AB Asset-backed commercial paper (ABCP) programs fully supported by bank sponsors have been used to finance a myriad of asset classes. In recent years, offerings of many different types of partially supported structured short-term notes also have come to be considered ABCP. The rapidly changing regulatory landscape for asset-backed securities, including ABCP, poses a threat to even the most traditional multiseller ABCP conduits. This article explains the most significant issues facing the traditional ABCP market, including accounting consolidation, enhanced capital requirements, removal of rating requirements from regulations, proposed liquidity coverage requirements, FDIC assessments, changes in money market fund regulation, proposed changes in disclosure requirements (Regulation AB II and repurchase activity), disclosure of due diligence reports, the Volcker Rule, changes to the Federal Reserve Act, risk retention rules, conflicts of interest, investment adviser registration, and other regulatory changes.TOPICS: Asset-backed securities (ABS), legal and regulatory issues for structured finance