Regulators Offer More Support to Spur Development of U.S. Covered Bond Market
January 23, 2009
The Federal Deposit Insurance Corp. late last week said it will extend its Temporary Liquidity Guarantee Program to cover the guarantees up to 10 years, which would make could make covered bonds eligible for the government program. The announcement came in conjunction with a new aid package for Bank of America that includes guarantees, liquidity access and capital. The FDIC said it would...