‘Not a Lot’ of Counterparty Risk From Derivatives, Fannie Mae Tells Investors
May 30, 2003
Are concerns about Fannie Mae’s exposure to risky financial derivatives overblown? Company officials seem to think so. “We’ve got a lot of press about our counterparty risk,” said Jonathan Boyles, Fannie’s vice president for financial accounting standards and corporate tax. “Butwe don’t have a lot of counterparty risk,” he said at a seminar for equity investors sponsored by Lehman Brothers last week.