A revised procedural rule on how the consumer financial protection agency designates nonbanks for supervision is in effect now, according to a notice in Tuesday’s Federal Register, and comments from the public will be accepted […]
Procedures for designating a nonbank for supervision by the federal consumer financial protection agency were updated Tuesday, the agency said, and will streamline the process for both it and the nonbanks. The Consumer Financial Protection […]
Public comments received on a proposed analytic framework for financial stability risk identification, assessment, and response – and on proposed guidance regarding nonbank financial company determinations — was a focus of the meeting late last […]
Proposed revisions to a framework for identifying risk from nonbank financial companies to financial stability that would, for the first time, publicly outline how financial stability is identified and assessed and how risks are mitigated […]
Final guidance that “substantially transforms” federal financial regulators’ system for designating non-bank financial firms as entities subject to Federal Reserve supervision – including by instilling a cost-benefit analysis for assessing the designation – was approved […]
The roles of “fintech,” nonbank financial intermediation and “too big to fail” were again key points for the chief Federal Reserve regulator for supervision, who also again pledged to look into all three as he […]
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 […]
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 […]
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