ASF Proposes Changes to Keep Safe Harbor Benefits under FDIC Securitization Rule
September 11, 2009
Wall Street is urging the Federal Deposit Insurance Corp. to allow all qualified securitization and participation transactions to continue to have safe-harbor protections under the agency’s “securitization rule” following the implementation of new consolidation accounting standards. In a recent letter, the American Securitization Forum warned that implementation of the Financial...