|
|
Article: United States: Banc of America Securities Announces Support of Covered Bond Market.
- Article from:
- TendersInfo
- Article date:
- July 30, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: sander03
Last update: 4:08 p.m. EDT July 28, 2008
NEW YORK, July 28, 2008 /PRNewswire via COMTEX/ -- Banc of America Securities LLC, the broker-dealer and wholly owned subsidiary of Bank of America Corporation, today announced its support for the development of a covered bond market in the United States.
The support follows the framework outlined in the Federal Deposit Insurance Corporations (FDIC) July 15 covered bond policy statement * and the Best Practices for Residential Covered Bonds* statement introduced today by the U.S. Treasury Department, with the support of the FDIC, Federal Reserve, Office of Thrift Supervision, Office of ...