WASHINGTON — Amid criticism over the Federal Deposit Insurance Corp.'s proposal to restrict a safe harbor for securitized assets at failed banks, the agency is likely to announce soon that it will temporarily extend an April 1 deadline to protect all such assets from seizure.

After an accounting change last year forced the FDIC to revisit its longstanding safe harbor for securitized assets, it temporarily kept a blanket exemption in place until the end of this month, while it considered longer-term reforms.

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