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Fannie Mae And Freddie Mac; Legal Implications For A Successor Cooperative, Michael E. Murphy
Fannie Mae And Freddie Mac; Legal Implications For A Successor Cooperative, Michael E. Murphy
Michael E Murphy
A financial cooperative of mortgage originators is capable of assuming the core securitization functions of Fannie Mae and Freddie Mac as part of a scheme to dismantle these institutions. Such a cooperative would offer advantages in maintaining adequate capitalization and in providing an effective governance structure. A federally chartered, Subchapter T cooperative appears preferable for this purpose.
Fannie Mae And Freddie Mac; Legal Implications For A Successor Cooperative, Michael E. Murphy
Fannie Mae And Freddie Mac; Legal Implications For A Successor Cooperative, Michael E. Murphy
Michael E Murphy
A financial cooperative of mortgage originators is capable of assuming the core securitization functions of Fannie Mae and Freddie Mac as part of a scheme to dismantle these institutions. Such a cooperative would offer advantages in maintaining adequate capitalization and in providing an effective governance structure. A federally chartered, Subchapter T cooperative appears preferable for this purpose.
Fannie Mae And Freddie Mac: Legal Implications Of A Successor Cooperative, Michael E. Murphy
Fannie Mae And Freddie Mac: Legal Implications Of A Successor Cooperative, Michael E. Murphy
Michael E Murphy
A financial cooperative of mortgage originators is capable of assuming the core securitization functions of Fannie Mae and Freddie Mac as part of a scheme to dismantle these institutions. Such a cooperative would offer advantages in maintaining adequate capitalization and in providing an effective governance structure. A federally chartered, Subchapter T cooperative appears preferable for this purpose.
Fannie Mae And Freddie Mac: Legal Implications Of A Successor Cooperative, Michael E. Murphy
Fannie Mae And Freddie Mac: Legal Implications Of A Successor Cooperative, Michael E. Murphy
Michael E Murphy
A financial cooperative of mortgage originators is capable of assuming the core securitization functions of Fannie Mae and Freddie Mac as part of a scheme to dismantle these institutions. Such a cooperative would offer advantages in maintaining adequate capitalization and could provide an effective governance structure. A federally chartered, Subchapter T cooperative appears preferable for this purpose.
Assuring Responsible Risk Management In Banking: The Corporate Governance Dimension, Michael E. Murphy
Assuring Responsible Risk Management In Banking: The Corporate Governance Dimension, Michael E. Murphy
Michael E Murphy
ABSTRACT The corporate governance dimension of risk management in banking concerns the structures needed to assure the power and independence of control centers. Three are clearly relevant: the risk management departments themselves, the audit function and particularly internal audit, and the contingent of independent directors on the board. A fourth, the shareholder base, is problematic. A survey of corporate governance disclosures reveals a need for more progress in assuring the independence of the risk management and internal audit functions by linking them more closely to the board. The board’s own capacity to function as an independent control center relates most …