The Federal Housing Finance Agency today released a report on how Fannie Mae and Freddie Mac share credit risk with the private sector through primary mortgage insurance and credit risk transfer transactions. Included with the release of the report was a request for public comment on the GSEs’ credit risk transfer processes, as well as proposals to adopt additional front-end structures, such as a deeper mortgage insurance structure. Since 2013, the GSEs have transferred about $30.6 billion in credit risk to private entities, shifting risk away from taxpayers.
G7 expert group releases cybersecurity ‘roadmap’ for post-quantum cryptography
The G7 Cyber Expert Group released a “roadmap” to help the financial sector take steps to secure computer systems from cybersecurity risks arising from quantum computing.
