FDIC Proposes New Rules for Securitization and Participation of Insured Depository Institution Assets

Summary

The Federal Deposit Insurance Corporation (FDIC) is proposing new rules to clarify how it treats financial assets transferred by insured depository institutions in connection with securitizations or participations after September 30, 2010. The proposed rules aim to protect the Deposit Insurance Fund and the FDIC's interests by setting forth safe harbor protections for securitizations that meet specific conditions.