Consumer ABS

While the FDIC prepares to take away the Safe Harbor privileges from ABS issuers, it has reaped the rewards of securitization by coming to market with three structured note offerings over the last month.

With new accounting rules, regulatory uncertainty, and wary investors making ABS uneconomical for issuers, pockets of the securitization market are paralyzed. Participants are forced to look at alternative funding sources, which Nora Colomer explores in this month's cover story.