SEC’s Amy Starr: US banks must comply with estimated value guidance “in very short order”
Banks that do not promptly disclose the estimated value of their structured notes risk additional scrutiny, says regulator
Amy Starr, chief of the office of capital markets trends at the US Securities and Exchange Commission (SEC) and the country's top structured products regulator, has said that banks that do not swiftly comply with the SEC's latest guidance on structured notes risk additional scrutiny.
The senior SEC official, speaking via a telephone link during a Q&A session at Structured Products' eighth annual Americas conference on May 2, said: "We would expect the improved disclosure be implemented in very
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