FDIC’s Advance Notice of Proposed Rulemaking

Statement of Comptroller Dugan on FDIC Rule on Securitizations

On December 15, Comptroller of the Currency John Dugan issued a statement in support of the FDIC’s Advance Notice of Proposed Rulemaking regarding the regulation of securities backed by loans and leases. Dugan presented several concerns about the proposed rule but favors pushing the process forward to stimulate robust comment on the issues. OCC Release.