Industry Raises Concerns About Government Plan to Bring Bank Capital Rules in Line With New Accounting
September 18, 2009
Banks that rely on asset securitization will likely face a double whammy from new accounting rules on securitization and parallel efforts by federal regulators to overhaul bank capital rules, although it’s not clear whether the changes will have much impact on garden-variety MBS production. Federal regulators this week formally published a notice of proposed rulemaking that would...