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Email On Monday, September 27, 2010, the Federal Deposit Insurance Corporation (the "FDIC") approved its final rule (the "Rule") regarding amendments to its securitization "safe harbor rule." Through adoption of the Rule, the FDIC seeks to use its authority to repudiate contracts when a Bank fails as the basis for comprehensively regulating the issuance and servicing of Bank-related asset backed securities in connection with a securitization or a participation occurring after December 31, 2010. https://www.cadwalader.com/resources/clients-friends-memos/fdic-approves-final-securitization-safe-harbor