Risk-retention proposal reaches too far in one-size approach
November 28, 2011 12:00:00 AM
With the comment period for proposed rules to implement the Dodd-Frank Act now nearing its extended deadline, many investors remain palpably distressed over certain aspects of the proposal. The discomfort is well-founded. While underpinned by good intentions, the proposed regulations cast a broad net and would have unintended consequences — including compromising the viability of an entire well-performing asset class.