GSEs Get Greener
Because FHFA tends to take its cue from both the Basel Committee on Banking Supervision and its U.S. cousins, we here drill down to look at the housing-finance implications of the proposed global framework we assessed in a recent in-depth report. Although Basel’s standards are only high-level principles and even then not yet final, we expect this framework to combine with work under way at the Fed and OCC to pressure FHFA to speedier action on express climate-risk governance and scenario-analysis requirements.