The Treasury Department's Views on the Regulation of Government Sponsored Enterprises: Hearing Before the Committee on Financial Services, U.S. House of Representatives, One Hundred Eighth Congress, First Session, September 10, 2003 |
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ability Administration affordable housing goals American appropriate authority BAKER believe capital markets capital standards Chairman charter Committee on Financial companies CONGRE CONGRESS THE LIBRARY Congressman create economy enforce enhanced ensure entities Fannie and Freddie Fannie Mae Federal Home Loan financial institutions financial regulators Financial Services Committee FRANK Freddie Mac funding gentleman going Government Sponsored Enterprises government sponsored entities GSE regulation hearing Home Loan Banks homeownership opportunities housing finance system housing GSEs housing market housing mission important interest rates investors issue KANJORSKI legislation LIBRARY CONGRESS LIBRARY OF CONGRESS low-income Mae and Freddie MEL MARTINEZ minority moderate-income OFHEO Oxley program approval proposal question regu regulatory agency regulatory oversight regulatory structure risk risk-based capital role safety and soundness secondary mortgage market Secretary Martinez Secretary SNOW SHAYS soundness regulation strengthen strong regulator supervision taxpayer testimony Thank tion Treasury Department world-class regulator
Popular passages
Page 10 - Office oversees the financial safety and soundness of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) to ensure that they are adequately capitalized and operating safely.
Page 74 - Banking supervisors must be satisfied that banks have in place a comprehensive risk management process (including appropriate board and senior management oversight) to identify, measure, monitor and control all other material risks and, where appropriate, to hold capital against these risks.
Page 1 - Chair and ranking minority member of the full committee and the Chair and ranking minority member of the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises, and the Subcommittee on...
Page 67 - US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT BEFORE THE UNITED STATES HOUSE OF REPRESENTATIVES COMMITTEE ON FINANCIAL SERVICES...
Page 23 - The gentleman from Vermont, Mr. Sanders. Mr. SANDERS. Thank you, Mr.
Page 74 - Banking supervisors must be satisfied that banks establish and adhere to adequate policies, practices and procedures for evaluating the quality of assets and the adequacy of loan loss provisions and loan loss reserves.
Page 29 - The Gentlelady from California, Ms. Waters. Ms. WATERS. Thank you very much, Mr. Chairman.
Page 74 - Banking supervisors must determine that banks have in place internal controls that are adequate for the nature and scale of their business. These should include clear arrangements for delegating authority and responsibility; separation of the functions that involve committing the bank, paying away its funds, and accounting for its assets and liabilities; reconciliation of these processes; safeguarding its assets; and appropriate independent internal or external audit and compliance functions to test...
Page 24 - The gentleman's time has expired. The gentleman from Ohio, Mr. Ney. Mr. NEY.
Page 18 - The gentleman from Pennsylvania, Mr. Kanjorski. Mr. KANJORSKI. Thank you, Mr. Chairman.