FSOC Proposes Dramatic Changes to Framework for Designating Nonbank SIFIs
The FSOC proposed a new interpretive guidance and analytical framework that would revise the process it will follow with respect to designation of any nonbank financial institution – which could potentially include registered investment advisers – as systemically important (i.e., a nonbank SIFI) under the 2010 Dodd-Frank Act.
May 25, 2023
Bank Turmoil May Decrease Debt Limit Drama
Treasury Secretary Janet Yellen asserted that the banking system remains sound in the aftermath of Silicon Valley Bank’s collapse, but that failure to raise the debt limit in time would be devastating for banks after the turmoil.
March 17, 2023
FSOC Continues to Target Money-Market, Hedge, Open-End Funds
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February 16, 2022
FSOC Report Highlights Need to Enhance Climate-Related Disclosures
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November 05, 2021
Biden Climate Financial Roadmap Discusses SEC and DOL ESG Proposals
A new Biden Administration report lays out "a roadmap for measuring, disclosing, managing, and mitigating climate-related financial risk across the economy” and follows an executive order regarding financial risk and climate change policy.
October 20, 2021
In his first remarks to the Financial Stability Oversight Council (FSOC) since becoming SEC Chair, Gary Gensler reiterated his agency’s focus on enhancing the resiliency of money market funds. Gensler...
June 15, 2021
FSOC Meeting Focuses on Hedge Funds, Mutual Funds, Impact of Climate Change on Financial Stability
The Financial Stability Oversight Council’s (FSOC’s) first meeting of the year – and of the new Administration – focused on hedge funds, mutual funds, and climate change. Following a discussion...
April 09, 2021
Sen. Warren Questions Treasury’s Yellen about SIFI Designations for Asset Managers
During a recent Senate Banking Committee hearing, Sen. Elizabeth Warren (D-Mass.) pressed Treasury Secretary Janet Yellen on whether large asset managers should be designated as “systemically important financial institutions,” or...
March 26, 2021
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