The American Securitization Forum (ASF) last weeksubmitted a letter to federal banking regulators.
The letter requested a six-month moratorium on any regulatory capital rule changes related to the implementation of accounting standards FAS No. 166, Accounting for Transfers of Financial Assets, an Amendment of FASB Statement No. 140, and FAS No. 167,Amendments to FASB Interpretation No. 46, and the proposed elimination of the option for ABCP conduit sponsors to disregard consolidation of conduits for risk-based capital purposes.