The Council of Federal Home Loan Banks submitted a comment letter to the Federal Housing Finance Agency (FHFA) in response to the agency’s notice of proposed rulemaking amendment of the Suspended Counterparty Program regulation, 12 C.F.R. Part 1227.
The letter conveys the FHLBank System’s support for the amending the regulation by removing references to “reputational harm” from the criteria for issuing suspension orders. To view the letter, click here: FHLBanks’ Letter on Suspended Counterparty Program Regulation