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Email On Tuesday, December 15, 2009, the Federal Deposit Insurance Corporation (the “FDIC”) released an Advance Notice of Proposed Rulemaking (an “ANPR”) regarding proposed amendments to its securitization “safe harbor rule”. The ANPR poses 35 questions that suggest the FDIC is considering comprehensive regulation of bank-related asset-backed securities (“ABS”), using its authority to repudiate contracts of failed banks in order to do so. https://www.cadwalader.com/resources/clients-friends-memos/the-revised-fdic-securitization-safe-harbor-rule-the-fdic-responds-to-changes-in-gaap-accounting-rules-with-proposed-sweeping-regulation-of-bank-securitization-structures