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FDIC OKs Delay of FAS 166, 167 Effect on Capital

Dec 16, 2009By

The board of directors at the Federal Deposit Insurance Corp. on Wednesday finalized a new capital rule that addresses industry concerns raised by Financial Accounting Standards (FAS) 166 and 167. FAS 166 and 167, which take effect in January, will require financial institutions to bring certain securitized assets onto balance sheets.

3d rendering of a row of luxury townhouses along a street

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