With no plan from Congress or the Obama administration to shutter Fannie Mae and Freddie Mac, the companies’ regulator told Congress yesterday it will expand its oversight with a strategic plan to develop new systems and standards for home loans.
The U.S. Securities and Exchange Commission should double the threshold of owners a company can have before being forced to register with the regulator, according to recommendations from the SEC’s small-business advisory group.
Greece is running out of time to avoid becoming the first euro nation to default after talks with lenders stalled ahead of a March 20 bond payment that will cost 14.5 billion euros ($18 billion) the country doesn’t have.
Swedish Finance Minister Anders Borg said a common euro bond is unlikely to ease the single currency bloc’s crisis as Europe’s leaders try to agree on a model that combines common borrowing with stricter budget controls.
Swedish central bank Governor Stefan Ingves said a 22 percent surge in the krona against the dollar in the past year marks a “normalization” that won’t harm exporters, signaling the bank isn’t planning to adjust policy to prevent further appreciation.