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PAUL HASTINGS STAY CURRENT: A CLIENT ALERT FROM PAUL HASTINGS
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Thông tin tài liệu:
On July 15, 2008, in the wake of the failure of
Indymac Bank – one of the largest bank failures in
history – and a mounting cloud of uncertainty
enveloping the banking industry, the Federal
Deposit Insurance Corporation (“FDIC”) issued its
Final Covered Bond Policy Statement (“Final
Policy Statement”). In a move many view as an
effort by the FDIC to bolster the mortgage market
and provide banks with a new liquidity tool (and
funding alternative to the struggling securitization
market), the Final Policy Statement may open the
way to a U.S. market in covered bonds. Though
covered bonds have existed and flourished in
European markets, a U.S. market for these bonds
has faced...
Nội dung trích xuất từ tài liệu:
PAUL HASTINGS STAY CURRENT: A CLIENT ALERT FROM PAUL HASTINGS
Nội dung trích xuất từ tài liệu:
PAUL HASTINGS STAY CURRENT: A CLIENT ALERT FROM PAUL HASTINGS
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