FEDERAL HOUSING FINANCE AGENCY ISSUES PROPOSED RULE: SUSPENDED COUNTERPARTY PROGRAM

WASHINGTON, July 13 -- Federal Housing Finance Agency has issued a proposed rule called: Suspended Counterparty Program.

The proposed rule was published in the Federal Register on July 13 by Clinton Jones, General Counsel, Federal Housing Finance Agency.

Summary: The Federal Housing Finance Agency (FHFA) is proposing to amend its Suspended Counterparty Program (SCP) regulation by removing the term "reputational harm." This amendment would eliminate redundancy and affirm that FHFA's supervision of counterparty risk is based on material and measurable risks.

For more information, contact Chris Bederka, Senior Counsel, Office of General Counsel, [e-mail], 202/510-0950. This is not a toll-free number. For TTY/TRS users wi...