Fed Study: FBOs Need Consolidated Capital, Liquidity Standards
FBOs have long argued that the Fed’s 2014 requirement that they form intermediate holding companies constrained their ability to support the U.S. economy.

Treasury Emphasizes the Role of Regulated Banks
In an official readout released late yesterday, the Treasury Department said that Secretary Yellen emphasized the critical role banks play ensuring economic stability in a meeting with the board of the American Bankers Association.

GSE Affordable-Housing Role Open to New Review
FHFA today reopened the hot topic of the GSEs’ affordable-housing commitment, releasing the plans Fannie and Freddie propose to comply with FHFA’s 2016 requirements.

Daily051921.pdf