FDIC seeks to raise standards of securitised assets
Banks will have increased exposure to their securitised assets, under new rules adopted by the Federal Deposit Insurance Corporation (FDIC) on Monday.
The Safe Harbor Protection for Securitizations, a new set of rules governing provisions for securitised assets, will impose a 5% risk retention requirement on depository institutions. The rules will require banks to hold at least 5% of their securitised assets on their books rather than off balance sheet in exchange for a commitment from the
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