{"id":5432,"date":"2013-03-21T00:00:00","date_gmt":"2013-03-21T05:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2013\/03\/bulk_of_american_securitizatio"},"modified":"2022-05-04T13:36:49","modified_gmt":"2022-05-04T18:36:49","slug":"bulk-of-american-securitizatio","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/bulk-of-american-securitizatio\/","title":{"rendered":"Bulk of American Securitization Forum\u2019s Board Resigns"},"content":{"rendered":"

The American Securitization Forum recently experienced an upheaval when most of its board resigned over a dispute with its executive director on the topics of bonuses and governance. The group is the primary trade association for the securitization industry, which generated over $500 billion of new bonds around the world.<\/p>\n

Among those that resigned are JPMorgan Chase & Co. (JPM)<\/a>, Bank of America Corp. (BAC)<\/a>, Citigroup (C)<\/a>, and Deutsche Bank (DB). Sources that spoke on the grounds of anonymity said that the departures now place the future of the forum in peril. Also no longer on the ASF board are Fitch Ratings Ltd., Amherst Securities Group LP, Natixis SA, and Moody’s Investors Service.<\/p>\n

The different board members stepped down after they were unable to remove the ASF board\u2019s executive director Tom Deutsch. Even though they disagreed with the bonuses he received, they couldn\u2019t displace him because of existing documents regarding governance.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

The American Securitization Forum recently experienced an upheaval when most of its board resigned over a dispute with its executive director on the topics of bonuses and governance. The group is the primary trade association for the securitization industry, which generated over $500 billion of new bonds around the world. Among those that resigned are […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3740],"tags":[],"class_list":["post-5432","post","type-post","status-publish","format-standard","hentry","category-miscellaneous"],"yoast_head":"\nBulk of American Securitization Forum\u2019s Board Resigns — Investor Lawyers Blog — March 21, 2013<\/title>\n<meta name=\"description\" content=\"The American Securitization Forum recently experienced an upheaval when most of its board resigned over a dispute with its executive director on the — March 21, 2013\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/bulk-of-american-securitizatio\/\" \/>\n<meta name=\"twitter:card\" 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