Officials might make complex vehicles costlier for banks

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

The Financial Stability Forum is spearheading an effort to make it much more expensive to keep large volumes of mortgage-linked securities and other complex financial instruments in 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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