Officials might make complex vehicles costlier for banks

06/2/2008 | Financial Times (free content)

The Financial Stability Forum, a committee of global regulators and supervisors, is spearheading an effort to make it much more expensive to keep large volumes of mortgage-linked securities and other complex financial instruments on investment banks' books. The measure is intended to prevent future occurrences of mass losses, such as those experienced by UBS and other banks in the past few months. The development might force banks to alter their business models regarding the repackaging of assets into complex securities.

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