FDIC Rule For Securitizations Gets Mixed Reaction

Law360, New York (October 29, 2010, 2:58 PM ET) -- On Sept. 27, 2010,[1] the Federal Deposit Insurance Corp. board of directors approved a final rule that amends the rules governing the role the FDIC must play as a receiver or conservator of an insured depository institution, of financial assets transferred by such institutions in connection with a securitization or participation. The final rule also extends the current safe harbor protection in place for certain securitized assets through Dec. 31, 2010.[2]

All securitizations or participations in process before Dec. 31, 2010, and that satisfy certain conditions,...
To view the full article, register now.

Dewey Verdict Watch

Follow our exclusive coverage of the trial of the year:

Dewey Trial Day 70