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BNY Mellon rolls out tools to address blind spots in $1 trillion ABS market after fraud incidents
BNY Mellon is launching new tools to safeguard against hidden risks in the approximately $1 trillion asset-backed securities (ABS) market. This move comes a year after two major fraud cases, including the Tricolor incident, exposed significant vulnerabilities in financial documents related to ABS, shaking the market.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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