https://www.wsj.com/articles/SB10001424052748704654004575517852969175136
FDIC Set To Approve Securitization Rule
By Victoria McGrane
Sept. 27, 2010 11:30 am ET
WASHINGTON—U.S. banking regulators on Monday continued to press forward with new rules governing asset-backed securities, seeking to make banks more accountable given the role securitization has played in a number of bank failures.
The Federal Deposit Insurance Corp. will consider and vote on a final proposal that would require sellers of securitized assets to retain 5% of the risk, as well as set new standards for certain types of assets. The new standards would apply to transactions that occur after Dec. 31 of this year.
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