Stephen Ledbetter is the new executive director of the umbrella council of federal financial regulators that works to oversee financial stability, the group said Thursday. In a release describing its latest meeting (on Nov. 7), […]
The current expected credit loss (CECL) accounting standard will be one of the topics under discussion during the next meeting of the oversight group of federal financial regulators, set for next week. The Nov. 7 […]
A council of federal financial regulatory inspectors general created in the aftermath of the financial crisis identifies seven “top management and performance challenges” facing their respective regulatory organizations – including ongoing challenges related to cyber […]
Senators both supported and criticized proposed guidance about designating nonbank financial firms as “systemically significant” during a hearing Thursday. The hearing by the Senate Banking Committee focused on the Financial Stability Oversight Council (FSOC) and […]
Financial Stability Oversight Council Nonbank Designations The witnesses will be: Mr. Douglas Holtz-Eakin, President, American Action Forum; Mr. Paul Schott Stevens, President and CEO, Investment Company Institute; Professor Jeremy C. Kress, Assistant Professor of Business […]
What is dubbed an “activities-based approach” to identifying and addressing potential risks to financial stability from nonbank financial companies is outlined in guidance proposed Wednesday by a group of federal financial services regulators. The Financial […]
Repeating a recommendation made three years ago to Congress that federal financial regulators should be consolidated, the congressional watchdog Wednesday said again that doing so would address fragmentation and overlap in the financial regulatory structure. […]
Designations of non-bank financial firms as “systemically important” by a panel of federal regulators will be scrutinized in a March 14 Senate hearing. The Senate Banking Committee said the hearing will focus on the designations […]
An oversight hearing on the federal consumer financial protection bureau – the first under its new director – plus proposed changes to how nonbank firms are determined to pose risks to financial stability and a new rule […]
Financial Stability Oversight Council The agenda will include both an open and an executive session. The preliminary agenda for the open session includes proposed amendments to the Council’s interpretive guidance on nonbank financial company designations. […]
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