Bair Looks Forward to Staff Proposals to Strengthen Safe Harbor for Securitizations
November 23, 2009
The Federal Deposit Insurance Corp. will soon be considering long-term changes to its securitization safe harbor rule that would ensure unimpeded asset- and mortgage-backed transactions and participations after March 31, 2010. The agency’s board of directors is expecting to consider a “very good set of recommendations and conditions” to be presented by FDIC staff at its December meeting...