by David Schwartz J.D. CPA | Mar 27, 2017 | All, Change Overview and Rationale, Formal Regulatory Remedies
The House Oversight and Investigations Subcommittee held a hearing on Tuesday, March 28, 2017 to examine the process used by the Financial Stability Oversight Council (FSOC) to designate systemically important financial institutions (SIFIs). The subcommittee heard...
by David Schwartz J.D. CPA | Feb 19, 2017 | All, Change Overview and Rationale, Formal Regulatory Remedies
The House Financial Services Committee (“House Committee”) issued a report on February 28, 2017 calling into question the process by which the Financial Stability Oversight Council (FSOC) designates certain non-bank companies as “too big to fail.”...
by David Schwartz J.D. CPA | Oct 19, 2016 | All, Disclosure Regimes
In its 2016 annual report published in July, the Financial Stability Oversight Council (FSOC) said that more and better data was needed to assess the potential systemic risks associated with securities lending and repo. The super-regulator called for more transparency...
by David Schwartz J.D. CPA | Apr 20, 2016 | All, Change Overview and Rationale, Formal Regulatory Remedies
In their April 16, 2016 report, Review of Asset Management Products and Activities, the Financial Stability Oversight Council (FSOC) requested that regulators make coordinated and permanent efforts to collect more data on securities lending. Noting that that current...
by David Schwartz J.D. CPA | Mar 29, 2016 | All, Change Overview and Rationale, Formal Regulatory Remedies
In a report released March 28, 2016, the GAO concluded that fragmented and overlapping oversight has created inefficiency in the U.S. financial market regulatory structure. The GAO recommended that Congress should consider taking steps to reduce or better manage...
