The board of directors of the Federal Deposit Insurance Corporation (FDIC) approved an Advanced Notice of Proposed Rulemaking (ANPR) Regarding Safe Harbor Protection for Treatment by the FDIC as Conservator or Receiver of Financial Assets Transferred by an Insured Depository Institution In Connection With a Securitization or Participation.

"Today's ANPR will move the discussion forward to achieving a broad agreement on securitization reforms that can be implemented by all the regulatory agencies," FDIC Chairman Sheila Bair said. "As deposit insurer and receiver for failed insured banks and thrifts, the FDIC has a unique responsibility to control the risks to the Deposit Insurance Fund [(DIF)]. "

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