FHFA’s DeMarco Delivers Keynote at 19th Annual Financial Markets Conference
On April 15, the Federal Housing Finance Agency (FHFA) released Senior Deputy Director Edward J. DeMarco’s keynote address from the Federal Bank of Atlanta’s 19th Annual Financial Markets Conference.
Edward J. DeMarco
Senior Deputy Director
Federal Housing Finance Agency
19th Annual Financial Markets Conference
Federal Reserve Bank of Atlanta
Good evening. It is a pleasure to be part of this conference. I would like to thank Dennis
Lockhart and the staff at the Federal Reserve Bank of Atlanta for inviting me here to be
part of this important gathering.
My comments today are my own views, not necessarily those of the FHFA.
I will divide my comments into two broad categories, each having to do with building
something new in response to the shortcomings of previous structures.
I would like to speak first about the Federal Housing Finance Agency, or FHFA. While I
have spoken frequently about building for the future, I seldom talk about the internal
building we have been doing at FHFA, so let me start there.
I would then like to turn to some of the steps that FHFA has taken to address certain
failings in the mortgage market that contributed to the country’s recent difficulties in
housing finance. This is part of building a stronger, more stable, and more efficient
housing finance system for the future. I have always believed that regulators can do
more than just regulate individual firms, they can help financial markets to function
more efficiently and effectively. Simply put, regulators can play a useful role in
helping financial markets to work better.
Please click here to view the keynote in its entirety.
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