FDIC floats 4% limit, stay cut to 10 days

April 16, 2008 12:00 am

The US Federal Deposit Insurance Corp yesterday put forward interim proposals for a policy statement on covered bond issuance in the US. As revealed yesterday by EuroWeek’s sister publication The Cover, the FDIC has invited comment on a limit for covered bond issuance of 4% of total liabilities, and a 10 day repudiation period.

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