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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2023-11-06T19:26:00
A new analytic framework approved by the Financial Stability Oversight Council (FSOC) seeks to provide further clarity into how the U.S. financial system is monitored for potential financial stability risks.
The framework, issued Friday, “explains how the council considers risks irrespective of their source and how the council addresses risks using the full range of its authorities,” said the Treasury Department in a press release. FSOC, which is led by Treasury Secretary Janet Yellen, first proposed the framework in April.
The framework will take effect 60 days after publication in the Federal Register.
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News and analysis for the well-informed compliance or audit exec.
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2024-05-13T19:26:00Z By Aaron Nicodemus
A new report by the Financial Stability Oversight Council recommended state regulators and Congress take steps to minimize “significant liquidity risk” posed by the nonbank mortgage servicing industry.
2023-04-24T18:28:00Z By Aaron Nicodemus
Federal regulators proposed to place nonbank financial institutions under supervision of the Federal Reserve Board if their activities are deemed to pose a systemic risk to the U.S. financial system.
2022-10-04T20:05:00Z By Aaron Nicodemus
A new report by the Financial Stability Oversight Council identified three regulatory gaps in the current oversight of cryptocurrency, stablecoins, and other digital assets and recommended steps Congress and federal regulators should take to close them.
2024-07-19T13:28:00Z By Neil Hodge
Within two weeks of gaining power, the U.K.’s newly elected Labor government has confirmed its intention to beef up the audit regulator and strengthen corporate governance.
2024-07-17T17:53:00Z By Ruth Prickett
The U.K. Financial Conduct Authority is revamping the London Stock Exchange rules, but more changes may be needed to achieve growth and attract initial public offers, experts said.
2024-07-09T14:16:00Z By Aaron Nicodemus
The Treasury Department’s Office of the Comptroller of the Currency proposed a rule that would extend requirements for recovery plans to all banks with at least $100 billion in assets.
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