[CentralOH] Python part of new SEC securities regs?

Austin Godber godber at gmail.com
Tue Apr 20 12:38:17 CEST 2010

Wow, does that mean there are a bunch of finance execs googling for python
consulting firms right now?


On Mon, Apr 19, 2010 at 5:25 PM, Brian Costlow <brian.costlow at gmail.com>wrote:

> 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).
> http://www.sec.gov/rules/proposed/2010/33-9117.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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