FDIC delays release of rules on securitized assets

02/3/2010 | Nasdaq.com

The Federal Deposit Insurance Corp. postponed issuing new rules that would impact the consumer loan-backed market. While the rules, which are aimed at offering clarity on how to treat securitized assets, had been expected at the end of March, an FDIC official conceded Monday that they may take even longer. "Our most important goal is that it provides a liquidity tool for the long term," said Michael Krimminger, a deputy to the chairman of the FDIC.

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