[CentralOH] Python part of new SEC securities regs?
brian.costlow at gmail.com
Mon Apr 19 23:25:32 CEST 2010
The proposed new SEC regulations on asset-backed securities (designed
in theory to prevent another mortgage bubble/meltdown) include the
idea of substituting a running canonical application and data file, in
place of part of the legal language used to describe the flow of funds
to a security holder based on what the assets do.
The initial draft proposes requires this app be written in Python.
Link to Draft Proposal (warning, 2.8 mb 600+ page PDF).
Search for Python -- first real mention on page 18. Meat starts in
section III-B-1-b on pp 205.
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