Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Inside Washington (02/28/2008)
* WASHINGTON (2/29/08)--The Office of the Comptroller of the Currency (OCC) Thursday outlined steps aiming to help investors who suffered losses from “super senior” tranches of collateralized debt obligations (CDOs) backed by subprime mortgages. The agency recommended stronger underwriting and less reliance on credit rankings of rating agencies. Packagers of CDOs should not retain large concentrations of the tranches on their balance sheets, said Comptroller John Dugan. Regulators also should raise risk profiles of the CDOs under Basel II capital rules, Dugan said. CDO tranches appealed to many investors when they held triple A ratings but were affected by problems in the subprime mortgage market ...


RSS print
News Now LiveWire
Did you ask @CommonwealthCU CEO a fin. question on #heyKaren day? She'll answer #likeaboss http://t.co/2PgZAp9qu0 https://t.co/RySBvM4rBc
1 minutes ago
Texans linebacker Cushing continues outreach, spokesman role for @FirstCommCU http://t.co/wIUGhn9okM
3 hours ago
Despite what consumers say, big banks still hold sway over market via @Marketplace http://t.co/ozH69d8soj
5 hours ago
Erie, Pa., Americo FCU CEO praises staff for actions during robbery http://t.co/yyhaPnDtXh
5 hours ago
"Shreditorial" praises good deeds of @DannemoraFedCU http://t.co/06qKe0mhzR
5 hours ago