#DEP

27 09, 2021

Daily092721

2023-07-31T16:11:17-04:00September 27th, 2021|2- Daily Briefing|

FRB-NY Climate Stress Test Reveals Large Capital Shortfalls
A new Federal Reserve Bank of New York paper proposes a climate stress-test methodology which, when deployed, finds significant systemic risk due to large bank capital shortfalls during periods of sharp transition risk.

Timeline Set for GSE Capital Rewrite
The Federal Register today includes FHFA’s proposed changes to the GSEs capital framework. As detailed in our in-depth report, the rule would actively promote CRT and rewrite the leverage ratio, making risk-based capital the GSEs’ binding constraint.

Gensler Ramps Predictive-Analytics Threat Up to Systemic Risk
Following his Senate Banking appearance earlier this month (see Client Report INVESTOR18), SEC Chairman Gensler today reiterated his focus on digital engagement practices (DEPs), warning that predictive data analytics could increase systemic risk due to increased data- source concentration, herding, and interconnectedness.

McHenry Attacks Treasury for “Social Agenda,” Warns of Chinese Threat
Ahead of Treasury Secretary Yellen’s appearance before HFSC this Thursday, Ranking Member McHenry (R-PA) blasted Biden administration financial policy on grounds that it advantages China at cost to U.S. national interest.

Daily092721.pdf

1 09, 2021

Daily090121

2023-08-22T12:59:13-04:00September 1st, 2021|2- Daily Briefing|

Affordable Rentals, Manufactured Housing Get Boost from White House, FHFA
The Biden Administration today announced a raft of housing policy changes to boost affordable housing.

Gensler Tells EU: SEC to Press Crypto, Climate, Digital-Brokerage Regs
In comments to EU legislators today, SEC Chairman Gensler not only stood by his ambitious agenda, but also placed it in the broad context of global developments.

CFPB Announces Sweeping Plan to Gather HMDA-Style Data for Small-Business Lending
Following through on Acting Director Uejio’s pledge to quickly implement Dodd-Frank mandated small-business lending data collections after these were slow walked under former Director Kraninger, the CFPB today proposed to require lenders to disclose detailed information in this sector going well beyond the simple requirements in traditional ECOA reports.

Daily090121.pdf

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