FHFA announces final public disclosure rule for GSEs
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Inside the Beltway
Monday, June 20, 2022
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The Federal Housing Finance Agency (FHFA) announced the final public disclosure rule for Fannie Mae and Freddie Mac (the Enterprises). This amendment to the Enterprise Regulatory Capital Framework includes quarterly quantitative and annual qualitative disclosures related to risk management, corporate governance, capital structure and capital requirements and buffers under the standardized approach.
The public disclosure requirements for the Enterprises were designed to align with many of the public disclosure requirements for large banking organizations under the regulatory framework adopted by banking regulators.
“By allowing market participants to assess key information about the Enterprises’ risk profiles and associated levels of capital, this final rule will promote transparency and encourage sound risk management practices at the Enterprises,” FHFA Director Sandra Thompson said. “The rule published today will foster financial stability at the Enterprises and in the broader housing finance market.”
The first public disclosure reports published by the Enterprises under this rule will be in the first quarter of 2023. The timeframe will allow the Enterprises to establish the internal reporting and governance functions necessary to fulfill the disclosure requirements and will minimize unnecessary reporting by maintaining a schedule with the Securities and Exchange Commission’s reporting schedule.
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