FDIC Extends Safe Harbor Regarding Securitized Assets Subject to Consolidation Under New FASB Accounting Standards | Practical Law

FDIC Extends Safe Harbor Regarding Securitized Assets Subject to Consolidation Under New FASB Accounting Standards | Practical Law

An update on an interim FDIC rule extending the safe harbor protections for certain securitized assets held by special purpose entities, addressing concerns raised by the new FASB accounting standards FAS 166 and 167.

FDIC Extends Safe Harbor Regarding Securitized Assets Subject to Consolidation Under New FASB Accounting Standards

by PLC Finance
Published on 13 Nov 2009 • USA (National/Federal)
An update on an interim FDIC rule extending the safe harbor protections for certain securitized assets held by special purpose entities, addressing concerns raised by the new FASB accounting standards FAS 166 and 167.