Section 941(c) of the Dodd–Frank Wall Street Reform and Consumer Protection Act 2010 (“Dodd-Frank Act”) requires that the Federal Reserve Board (“Board”) conduct a study on the effect of the new risk retention requirements to be developed and implemented by the federal agencies. The Dodd-Frank Act also requires the Board and other agencies to jointly implement risk retention requirements for securitizers or originators of assets securitized through the issuance of asset-backed securities. The report highlights the significant differences in market practices and performance across securitizations backed by different types of assets. The report recommends that the agencies take these differences into account when developing risk retention requirements in order to achieve the objectives of the Dodd-Frank Act without unnecessarily impeding the availability of credit.