WASHINGTON – US trade associations are strongly opposing proposals by the Federal Deposit Insurance Corporation (FDIC) to unilaterally introduce new regulations on banks issuing securitised credit products. The associations’ stance comes in responses to a decision at the FDIC’s December 15 board meeting to issue an Advanced Notice of Proposed Rulemaking (ANPR), seeking public comment on the agency’s plans for dealing with securitisations when an issuing bank fails in future.

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