The Federal Deposit Insurance Corp. extended its temporary protection for securitized assets from failed-bank seizures to Sept. 30.
The move, announced late Thursday, allows the agency more time to consider long-term restrictions on the protection.
Before this year, securitizers enjoyed a safe harbor from asset seizures as long as a securitization met the criteria of being an off-balance sheet sale.
But a June rule by the Financial Accounting Standards Board that required on-balance sheet reporting for securitized assets invalidated the safe harbor.
In November, the agency said it would continue to exempt securitization until the end of this month while it considered a rule to rein a securitization industry that helped contribute to the crisis.
But amid controversy over the agency's proposed restrictions, unveiled in December, officials needed more time.
