TITLE

FDIC to Set Fate of Securitized Assets

AUTHOR(S)
Adler, Joe
PUB. DATE
November 2009
SOURCE
American Banker;11/12/2009, Vol. 174 Issue 205, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the U.S. Federal Deposit Insurance Corp. (FDIC) is prepared to reveal its future treatment of securitized assets at failed banks. Under current policy the FDIC leaves them untouched. However, the agency is expected to respond to accounting-rules changes that take effect in 2010 that will compel banks to put such isolated securitizations back onto their balance sheets. Implications of FDIC policy are discussed.
ACCESSION #
45205107

 

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