Regulatory Alerts2020-03-04 | 2020-02936Added · Updated
Securitization Safe Harbor Rule
The Federal Deposit Insurance Corporation amends its Securitization Safe Harbor Rule to eliminate a mandatory compliance requirement with the Securities and Exchange Commission’s Regulation AB for private securitization transactions. This change removes a disclosure barrier that has discouraged insured depository institutions from sponsoring residential mortgage securitizations while maintaining safeguards against opaque and risky structures. The revised rule ensures that asset-level disclosures remain necessary only when Regulation AB explicitly applies to the transaction, thereby promoting liquidity and reducing unnecessary compliance costs.
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