American Securitization Forum (ASF) Executive Director Tom Deutsch released the following statement as a response to the Federal Deposit Insurance Corp.’s Notice of Proposed Rulemaking (NPR) regarding safe harbor in the event of a bank failure.

“ASF very much supports the FDIC’s goals to help restore securitization and the flow of credit to American businesses and consumers," Deutsch said. "We look forward to a full evaluation of today’s NPR and working with the FDIC through the comment process to achieve our mutual goals. We also are encouraged to hear that the FDIC has commit-ted to continue working closely with the SEC with their Reg AB NPR to ensure a level playing field for banks and non-banks."

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