SECURITIES AND DERIVATIVES—ABA backs SEC filer-status relief, seeks indexing safeguards

The American Bankers Association backs the SEC's proposal to raise the large accelerated filer threshold from $700 million to $2 billion in public float, which would exempt roughly 75% of public banks from auditor attestation requirements for internal controls. The ABA seeks automatic inflation indexing of the threshold and more tailored seasoning rules for newly public companies to prevent compliance creep.

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