Exhibit 23

                       CONSENT OF INDEPENDENT ACCOUNTANTS

We consent to the incorporation by reference in the Registration Statements of
Financial Security Assurance Holdings Ltd. on Form S-8 (File No. 33-78784) (1993
Equity Participation Plan), Form S-8 (File No. 33-92648) (Deferred Compensation
Plan), and Form S-3 (File Nos. 333-74165 and 333-92985) (Debt Securities, Common
Stock, Stock Purchase Contracts, Stock Purchase Units and Preferred Stock), of:

1.    Our report dated January 24, 2001, on our audits of the consolidated
      balance sheets of Financial Security Assurance Holdings Ltd. and
      Subsidiaries as of December 31, 2000 and 1999, and the related
      consolidated statements of operations and comprehensive income, changes in
      shareholders' equity and cash flows for each of the three years in the
      period ended December 31, 2000 and on our audits of the financial
      statement schedule relating to the consolidated financial statements of
      Financial Security Assurance Holdings Ltd. and Subsidiaries, which report
      is included in this Annual Report on Form 10-K for the fiscal year ended
      December 31, 2000; and

2.    Our report dated January 24, 2001, on our audits of the consolidated
      balance sheets of Financial Security Assurance Inc. and Subsidiaries as of
      December 31, 2000 and 1999, and the related consolidated statements of
      operations and comprehensive income, changes in shareholder's equity and
      cash flows for each of the three years in the period ended December 31,
      2000, which report is included in exhibit 99 to this Annual Report on Form
      10-K for the fiscal year ended December 31, 2000.


/s/ PricewaterhouseCoopers LLP

PricewaterhouseCoopers LLP
New York, New York
March 28, 2001