The Federal Deposit Insurance Corp. (FDIC) has seen a growing volume of assets acquired from failed banks in its role as receiver of these institutions.
Michael Krimminger, special advisor for policy, office of chairman at the FDIC, spoke at Information Management Network’s 15th annual ABS East conference in Miami.
As part of his speech, Krimminger said that the FDIC has acquired more than 100 failed banks and it is likely that the agency might consider securitizing the assets from these financial institutions.
