Federal Deposit Insurance Corp. (FDIC) Acting Chairman Martin Gruenberg expressed his support for the development of a U.S. covered bond sector at the American Securitization Forum's (ASF) annual meeting. The gathering is being held in Washington D.C. this week.

During the question and answer part of his presentation, Gruenberg was asked about his views on the market. He noted that former FDIC Chair Sheila Blair was an early supporter of covered bonds as a way for financial institutions to fund themselves.

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