The Federal Housing Finance Board will emphasize risk-based supervision in the next few years, according to its new strategic plan for 2007-2012. “In carrying out its duties, the Finance Board will execute an effective, risk-based supervisory and regulatory program to promptly identify and address current and emerging risks to the FHLBanks,” Chairman Ronald Rosenfeld said in the Chairman’s Message section of the plan. As part of that program, the Finance Board plans to implement a risk rating system. (See related...