FSA plans to withdraw from structured finance market
Monoline insurer Financial Security Assurance is to pull out of the structured finance market.
FSA made the announcement while posting a net loss of $330.5m for the quarter, mainly as a result of $1bn of impairment charges on its financial products portfolio and $600m of loss expenses on its guarantees of second lien RMBS.At the same time, its parent company Dexia ...
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