Share and Not-So Share Alike
FHFA has proposed a new approach to implementing Dodd-Frank’s demand that the FHLBs share information within the System so each can determine at how much risk it stands under joint-and-several liability. Reflecting FHLB fears about the initial proposal, the revised one is considerably more gentle.

The full report is available to subscription clients. To find out how you can sign up for the service, click here