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FIGCovered Bonds

Covered bonds on “front-burner” at FDIC, says Bair

Sheila Bair, chairman of the Federal Deposit Insurance Corporation, yesterday (Tuesday) told the Reuters Regulation Summit in Washington that US regulators were working on ways to help the covered bond market’s development in the States, particularly given the way in which the failings of the originate and distribute model had exacerbated the sub-prime crisis.

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