[CentralOH] Python part of new SEC securities regs?

[Michael S. Yanovich]

I predict a spike in membership in COhPy.

On 04/20/2010 06:38 AM, Austin Godber wrote:
> Wow, does that mean there are a bunch of finance execs googling for 
> python consulting firms right now?
>
> Austin
>
> On Mon, Apr 19, 2010 at 5:25 PM, Brian Costlow 
> <brian.costlow at gmail.com <mailto:brian.costlow at gmail.com>> wrote:
>
>     The proposed new SEC regulations on asset-backed securities (designed
>     in theory to prevent another mortgage bubble/meltdown) include the
>     idea of substituting a running canonical application and data file, in
>     place of part of the legal language used to describe the flow of funds
>     to a security holder based on what the assets do.
>
>     The initial draft proposes requires this app be written in Python.
>
>     Link to Draft Proposal (warning, 2.8 mb 600+ page PDF).
>
>     http://www.sec.gov/rules/proposed/2010/33-9117.pdf
>
>     Search for Python -- first real mention on page 18. Meat starts in
>     section III-B-1-b on pp 205.
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>
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>    
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