Credit Suisse First Boston's securitization business in Japan is unaffected by recent sanctions meted out by the Financial Supervisory Agency (FSA). The clarification follows stories in the Japanese media reporting that Japan's securities watchdog had ordered CSFB's banking operation to suspend its loan securitization business for one year (ASRI, 7/26/99, p7).

Five units of the Credit Suisse group were hit with sanctions by the FSA, but the firm's asset finance team and conduit business are not directly effected, as the asset finance group, which falls under CSFB Securities, continues to do business in Japan.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.