Standard & Poor's examined the implications of the Federal Deposit Insurance Corp.'s (FDIC) recently approved changes to the Safe Habor rule. The rule refers to the applicable legal regime to financial asset tranfers by banks for securitization purposes if the financial institution becomes insolvent.

Today S&P published a report titled Ratings Implications Of [FDIC’s] Final Rule Regarding Safe Harbor Protection For Securitizations. The report focused on the potential outcome under this new legal regime in terms of ratings given a bank's insolvency if it has securitized assets.

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