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.
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.
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...
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...
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...
Final FSOC Guidance Primarily Takes Activities-Based Approach to Systemic Risk December 18, 2019 After years of debate, the Financial Stability Oversight Council (FSOC) has approved final interpretive guidance regarding...
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