» pay http://senesojournal.com Mon, 23 Nov 2009 20:13:57 +0000 http://wordpress.org/?v=2.8.6 en hourly 1 FDIC May Tie Underwriter, Rater Pay to Asset-Backed Performance http://senesojournal.com/2009/11/19/fdic-may-tie-underwriter-rater-pay-to-asset-backed-performance/ http://senesojournal.com/2009/11/19/fdic-may-tie-underwriter-rater-pay-to-asset-backed-performance/#comments Thu, 19 Nov 2009 17:02:43 +0000 Seneso Journal http://senesojournal.com/?p=701 The Federal Deposit Insurance Corp. may force underwriters and raters of asset-backed securities created by banks to be compensated based on the bonds’ performance, an agency official said.

Such a requirement may be part of new rules for bank securitizations that the FDIC staff proposes at an agency board meeting next month, Michael Krimminger, special adviser for policy to FDIC Chairman Sheila Bair, said today in a telephone interview.

Read the whole story @ Bloomberg

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