The Federal Deposit Insurance Corp. proposed changing rules to reassure investors in securitized assets. The FDIC proposed a revision to the safe-harbor rule, but in a comment letter submitted to the FDIC, SIFMA's Securitization Group said it does not think the proposed safe harbor is an appropriate means to regulating the securitization market. "Regulation of the securitization market must be undertaken on a co-ordinated basis in consideration of ongoing legislative reform efforts in Congress and in consultation with other relevant regulators," SIFMA's Securitization Group wrote. Read SIFMA's news release.
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