Macro Finance
BNY Targets Blind Spots in ABS After Tricolor Mess Rocked Market
Bloomberg Markets·October 16, 2026·1 min read
A year after a pair of massive frauds exposed hidden risks in routine financial documents, BNY is rolling out tools to safeguard against blind spots in the roughly $1 trillion asset-backed securities market. The move aims to prevent similar incidents that rocked the market.
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