BNY Targets Blind Spots in ABS After Tricolor Mess Rocked Market

A year after a pair of massive frauds exposed hidden risks in otherwise routine financial documents, BNY is rolling out tools to safeguard against blind spots in the roughly $1...

By Zahra Tayeb and Scott Carpenter · Bloomberg Markets

A year after a pair of massive frauds exposed hidden risks in otherwise routine financial documents, BNY is rolling out tools to safeguard against blind spots in the roughly $1 trillion asset-backed securities market.