Search for: "FINANCIAL STABILITY OVERSIGHT COUNCIL"
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7 May 2023, 9:01 pm
The Financial Stability Oversight Council unanimously approved two proposals for public comment regarding FSOC’s authority to designate nonbank financial companies for Federal Reserve supervision and regulation, as summarized in our deck. [read post]
23 Aug 2023, 3:25 am
At the end of last month, in remarks before the Financial Stability Oversight Council, SEC Chair Gary Gensler bid a not-so-fond farewell to LIBOR, the rate that I envisioned guys in bowler hats setting each business day morning in London. [read post]
3 Nov 2011, 6:58 am
CFTC and SEC finalize joint Dodd-Frank ruleThe CFTC and SEC have approved a final rule which requires advisors to private hedge funds registered with either regulator to report information to the SEC to be used by the Financial Stability Oversight Council (“FSOC”). [read post]
17 Sep 2014, 4:08 pm
FINANCIAL STABILITY OVERSIGHT COUNCIL: Status of Efforts to Improve Transparency, Accountability, and Collaboration, GAO-14-873T: Published: Sep 17, 2014. [read post]
2 May 2016, 6:10 am
District Court for the District of Columbia invalidated the Financial Stability Oversight Council’s (“FSOC”) designation of MetLife as a systemically important financial institution (“SIFI”). [1] Although the court found that MetLife may be deemed “predominantly engaged” in “financial” activities and therefore eligible for designation as a SIFI, the court found “fundamental violations of… [read post]
2 Jun 2017, 6:25 am
Bank Governance and Systemic Stability: The “Golden Share” Approach Posted by Saule T. [read post]
11 Dec 2009, 11:38 am
The legislation creates a systemic risk regulator, the Federal Stability Oversight Council, whose members include the Fed, the SEC and the CFTC, to monitor the marketplace to identify potential threats to the stability of the financial system (Title I). [read post]
19 Jul 2014, 4:12 pm
One part of the legislative effort would be to repeal the ability of the Financial Stability Oversight Council (FSOC) to designate financial firms as systemically important financial institutions (SIFIs). [read post]
20 Nov 2008, 12:21 pm
On Tuesday, November 18, 2008, the House Committee on Financial Services held a hearing regarding oversight of the Economic Stabilization Act of 2008 (the “Act”), government lending and insurance facilities, and their impact on the current economy and credit availability. [read post]
28 May 2023, 6:30 am
On May 3, 2023, the SEC voted to adopt significant amendments to Form PF on a 3-2 vote. [1] Form PF requires SEC-registered investment advisers to file reports with the SEC regarding private funds managed by such advisers and allows the Financial Stability Oversight Council to assess systemic financial risk to the U.S. financial system. [read post]
28 May 2023, 6:30 am
On May 3, 2023, the SEC voted to adopt significant amendments to Form PF on a 3-2 vote. [1] Form PF requires SEC-registered investment advisers to file reports with the SEC regarding private funds managed by such advisers and allows the Financial Stability Oversight Council to assess systemic financial risk to the U.S. financial system. [read post]
7 Aug 2017, 2:47 pm
Circuit ordered another stay in the ongoing case between the Financial Stability Oversight Council (FSOC) and MetLife over whether MetLife should be designated as systemically important and subject to additional regulation by the Federal Reserve Board. [read post]
26 Apr 2012, 8:30 am
In April 2012, the Financial Stability Oversight Council (“FSOC”) issued its Final Rule (the “Rule”) and interpretive guidance on the regulation of systemically important nonbank financial companies, or what many refer to as SIFIs (i.e., “systemically important financial institutions”). [read post]
3 Aug 2014, 11:27 am
The oversight Chair believes that it is incumbent on the Treasury Secretary as Chair of the Financial Stability Oversight Council to ensure that the Volcker Rule does not adversely impact the capital markets.In the letter, Chairman Hensarling noted that, beyond compliance, the restrictions on proprietary trading in the Volcker Rule, with limited exemptions, will likely have a chilling effect on fixed-income markets, including the corporate bond… [read post]
5 Oct 2012, 9:12 am
Three states have joined a lawsuit to challenge the constitutionality of the Financial Stability Oversight Council (FSOC), a Dodd-Frank-created regulatory body headed by the Treasury secretary. [read post]
27 Nov 2009, 9:27 am
I am pleased to have the opportunity to testify concerning the Discussion Draft of the Financial Stability Improvement Act (Discussion Draft). [1] This legislation, currently being marked-up by the House Financial Services Committee, [2] would make significant changes to the regulation and resolution of large, interconnected financial firms whose disorderly failure might put the financial system at risk. [read post]
31 Mar 2013, 7:18 am
One area of Senator Warner's concern is that the Financial Stability Oversight Council is an imperfect creation with no independent entity or person in charge. [read post]
7 Feb 2018, 11:25 am
Appearing before the House Financial Services Committee yesterday at a hearing entitled “The Annual Report of the Financial Stability Oversight Council” (FSOC), Treasury Secretary Mnuchin indicated that he intends to discuss the CFPB’s handling of its investigation of Equifax’s massive 2017 data breach with the FSOC. [read post]
11 Nov 2010, 11:22 am
In a letter to the SEC and other regulators comprising the Financial Stability Oversight Council, former Fed Chair Paul Volcker said that clear and concise definitions, firmly worded prohibitions, and specificity in describing permissible activities will be of prime importance as they implement the Dodd-Frank Act ban on financial institutions conducting proprietary trading and sponsoring hedge funds. [read post]
12 Oct 2011, 8:07 am
At its meeting on October 11, 2011, the Financial Stability Oversight Council (FSOC) issued a second notice of proposed rulemaking and proposed interpretive guidance as to the determination of nonbank financial companies that are systemically important financial institutions (SIFIs). [read post]
