0 minute readThe Federal Deposit Insurance Corp. (FDIC) plans to advance risk-retention and disclosure rules for the $4trn asset-backed securities (ABS) market amid banking-industry criticism that the changes will restrict credit and hurt firms. The FDIC board today will consider requiring sellers to retain 5% of credit risk to win a so-called safe harbor that protects securitized assets against seizure in the event of a bank failure, making the bonds more attractive to investors. The proposal aims to bring transparency and stability to a market whose collapse triggered the 2008 financial crisis.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
