The U.S. Securities & Exchange Commission’s Division of Economic and Risk Analysis (DERA) has published new market data, analysis, and visualizations across public issuers, exempt offerings, Commercial Mortgage-Backed Securities (CMBS), Asset-Backed Securities (ABS), money market funds, and security-based swap dealers (SBSDs) to increase transparency and public understanding of US capital markets. The package includes six reports: a study of 2023 reporting issuers registered under the Securities Act of 1933 and the Securities Exchange Act of 1934, based on issuers filing Forms 10-K, 10-KT, 20-F, or 40-F and categorizing 8,351 registered issuers under different public-company definitions; updated statistics on exempt offerings under Regulations A, D, and Crowdfunding through calendar year 2024, including counts and capital raised; an analysis of roughly USD 1.6 trillion of CMBS issuance over a nine-year period, including issuance patterns and SEC-registered nationally recognized statistical rating organization (NRSRO) rating activity; an ABS market review covering about USD 6 trillion of US ABS issuance from 2014 to 2024, including market structure and NRSRO rating activity; an assessment of money market fund price variations during the March 2020 market dislocation using Form N-MFP data from December 2019 to December 2020; and statistics on the population of conditionally registered SBSDs as of December 31, 2024.
U.S. Securities & Exchange Commission 2025-04-28
U.S. Securities & Exchange Commission publishes new DERA market data reports on issuers, exempt offerings, securitization, money market funds and security-based swap dealers
The U.S. Securities & Exchange Commission's Division of Economic and Risk Analysis has released new market data to enhance transparency in U.S. capital markets. The package includes six reports on public issuers, exempt offerings, Commercial Mortgage-Backed Securities, Asset-Backed Securities, money market funds, and security-based swap dealers. Key findings include issuer categorization, exempt offering statistics, and assessments of market structures and rating activities.