Federal Deposit Insurance Corporation November 24, 2015 – Federal Register Recent Federal Regulation Documents

Treatment of Financial Assets Transferred in Connection With a Securitization or Participation
Document Number: 2015-29822
Type: Rule
Date: 2015-11-24
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
The Federal Deposit Insurance Corporation (the ``FDIC'') is issuing a final rule (the ``Final Rule'') that revises certain provisions of its securitization safe harbor rule, which relates to the treatment of financial assets transferred in connection with a securitization or participation, in order to clarify the requirements of the securitization safe harbor as to the retention of an economic interest in the credit risk of securitized financial assets in connection with the effectiveness of the credit risk retention regulations adopted under Section 15G of the Securities Exchange Act.