FDIC’s Court Victory Against ABCP Highlights Risk for Bank-Sponsored ABS
May 28, 2010
A recent court decision highlights the risk to structured finance transactions when a bank that plays a key role in the deal later enters receivership with the Federal Deposit Insurance Corp. The FDIC’s statutory powers may delay payments or result in other losses to investors, according to an analysis by Moody’s Investors Service. The Eleventh Circuit Court...