Six federal agencies – "the Board of Governors of the Federal Reserve System, the Department of Housing and Urban Development (HUD), the Federal Deposit Insurance Corporation (FDIC), the Federal Housing Finance Agency, the Office of the Comptroller of the Currency, and the Securities and Exchange Commission" – jointly issued a notice revising a 2011 proposed rule requiring sponsors of securitization transactions to retain risk in those transactions. The original proposal "generally measured compliance with the risk retention requirements based on the par value of securities issued in a securitization transaction and included a so-called premium capture provision. The agencies are now proposing that risk retention generally be based on fair value measurements without a premium capture provision." For more, read the full press release.