From Bloomberg:
Securities firms may be forced to report trading data for asset-backed securities after the opaqueness of that market helped create the worst financial crisis since the Great Depression, the U.S. brokerage industry’s main regulator said.
And from the article, an interesting objection:
Brokers represented by the Securities Industry and Financial Markets Association and Regional Bond Dealers Association objected to that expansion in comment letters, saying it would impair market liquidity.
You know,
impair market liquidity that could create enough chaos in a "market" that could cause it to crash. In other words, this market crashed in 2007-2008 being opaque and they want to keep it opaque so it doesn't crash again.
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