The Federal Deposit Insurance Corp. decided to continue its safe harbor for banks' securitized assets through the end of September. FDIC Chairwoman Sheila Bair said the extra six months will give regulators and industry participants additional time to figure out government policies. "We hope to foster a sustainable securitization market that emphasizes transparency, improved clarity in transaction structures and responsibilities, and incentives to support sustainable securitizations," Bair said.

Related Summaries