On February 2, Comptroller of the Currency Dugan addressed the American Securitization Forum on key issues in the U.S. securitization market. Dugan highlighted the importance of balanced regulatory reform and discussed new and proposed regulations. Dugan asserted that “skin-in-the-game” risk retention proposals would not be the most effective way to solve the problem of lax underwriting practices and could prove to be a major obstacle in restarting the securitization market, and that establishing and enforcing minimum underwriting standards is a better way to improve the underwriting quality of securitized loans.  Dugan Speech.