FDIC reassures the market with safe harbour extension

13 Nov 2009

The Federal Deposit Insurance Corporation (FDIC) agreed this week to grandfather the safe harbour accorded to existing securitisations when they come on balance sheet at the end of the year.

Under the FDIC’s Securitisation Rule, securitisations accounted for as a true sale are not subject to clawback should the originator become insolvent.

Fears that the FDIC might seize assets from securitisations brought back on balance sheet by changes to accounting rules brought parts of the resurgent US securitisation market ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

Oops, something went wrong

We're sorry but at the moment we can't load this data