Intensive root cause analysis for more than a year has revealed numerous shortcomings in the financial system signalling a comprehensive need for action. As regards regulation, there is presently major political pressure “to do something” in order to reduce the probability of similar disruptions in the future. However, rather than more regulation we should aim at better regulation. Self-regulation, anyway, has proven insufficient.
HMDA Price Data Disclosure The importance of effective risk management is brought into sharp focus by the imminent public release of home mortgage price data by lenders such as your organizations. Lenders covered by HMDA will have to make additional information about their home loans, including, for the first time, price information, available to the public as early as today.