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FDIC RIN: 3064-AF28 Publication ID: Fall 2020 
Title: Credit Risk Transfer for Consolidated Traditional Securitization 
Abstract:

The OCC, FRB, and FDIC (collectively, the Agencies) are requesting comment on a proposal to recognize, for risk-based capital purposes, credit risk transfer for consolidated traditional securitization transactions that is reported on the banking organization’s balance sheet under GAAP provided that the transaction meets certain operational requirements.  These requirements are intended to ensure that the banking organization has effectively transferred credit risk and is not obligated or allowed to provide credit support to third-party investors, particularly in the event of credit deterioration in the underlying exposures.

 
Agency: Federal Deposit Insurance Corporation(FDIC)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
EO 13771 Designation: Independent agency 
CFR Citation: 12 CFR 324   
Legal Authority: 12 U.S.C. 1831(o)    12 U.S.C. 3907    12 U.S.C. 5371   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  04/00/2021 
Additional Information: Comments: comments@fdic.gov. Please include RIN 3064-AF28 in the subject line of all correspondence.
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL: https://www.fdic.gov/regulations/laws/federal/   Public Comment URL: https://www.fdic.gov/regulations/laws/federal/  
RIN Data Printed in the FR: No 
Related Agencies: Joint: TREAS/OCC, FRS; 
Agency Contact:
Benedetto Bosco
Chief, Capital Policy Section
Federal Deposit Insurance Corporation
550 17th Street NW,
Washington, DC 20459
Phone:202 898-6853
Email: bbosco@fdic.gov

Noah Cuttler
Senior Policy Analyst, Capital Policy
Federal Deposit Insurance Corporation
550 17th Street NW,
Washington, DC 20429
Phone:202 898-3556
Email: ncuttler@fdic.gov

Michael Phillips
Counsel
Federal Deposit Insurance Corporation
550 17th Street NW,
Washington, DC 20429
Phone:202 898-3581
Email: mphillips@fdic.gov