Here is the logic of their problem: If you believe in the Dodd-Frank Act, you must believe in the concept of SIFIs.
The Senate Committee on Banking, Housing, and Urban Affairs held a hearing on Tuesday titled "Should Fannie Mae and Freddie Mac be Designated as Systemically Important Financial Institutions?"
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There is nothing wrong with this practice, per se, but government policy should not bias the. But the platform – if it replaces Fannie and Freddie – would certainly be what Dodd-Frank calls a.
That call was from April 13, 2015, and now as a follow-on call, Fitch has announced that it has affirmed the AAA ratings for Fannie Mae and Freddie Mac on the Long. That being said, Fannie and.
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WASHINGTON- While lawmakers on both sides of the aisle agreed Tuesday that Fannie Mae and Freddie Mac are "too big to fail," they debated whether the two government-sponsored enterprises should be formally labeled as systemically important financial institutions. Such a designation is critical to the government-sponsored enterprises’ future, since it would mean they would face [.]
He said that under Dodd-Frank Title I Section 120 authority, the Financial stability oversight council (fsoc) can and should designate Fannie Mae and Freddie Mac as systemically important financial institutions (SIFIs) in order for the Federal Reserve (Fed) to have oversight over them and to enhance their prudential standards. Crapo said if.
The Senate Committee on Banking, Housing, and Urban Affairs held a hearing on Tuesday titled "Should Fannie Mae and Freddie Mac be Designated as Systemically Important Financial Institutions.
Congressional Developments. In June 2019, the Senate Committee on Banking, Housing, and Urban Affairs held a hearing on whether Fannie Mae and Freddie Mac should be designated as systemically.
"If Fannie and Freddie are not SIFIs, then nobody in the world is a SIFI, and if any institution is a SIFI, then so are Fannie and Freddie," Pollock said in his prepared testimony. "Addressing their systemic risk through designation as a SIFI would logically match their systemically important role and riskiness."
Should Fannie, Freddie be labeled ‘systemically important’? The FHFA director’s recent comments about whether the government-sponsored enterprises should be designated as SIFIs tees up a potentially significant element of the mortgage finance debate.
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