Tag Archives: Financial Stability Oversight Council

“As our nation continues to grapple with crisis-level housing affordability and supply issues, it is vital that the federal government does not create conditions that exacerbate these challenges,” said Ranking Member Waters.

At a Senate hearing Thursday, policymakers heard testimony on the Financial Stability Oversight Council’s current oversight of nonbank entities.

A bill proposing to amend Dodd-Frank and change the way bank holding companies are designated as systemically important passed in the House with a bipartisan vote and has now moved on to the Senate for consideration.

The process by which the Financial Stability Oversight Council, an agency created by Dodd-Frank, designates non-bank firms as "systemically important financial institutions" will be examined in a Congressional hearing on Thursday, July 14.

The FSOC reversed its determination that “material financial distress at [GE Capital] could pose a threat to U.S. financial stability.”

"Too Big to Fail” was the prime topic of discussion at an oversight hearing for the Financial Stability Oversight Council in the House Financial Services Committee on Tuesday.

Eight of the nine voting members on the Financial Stability Oversight Committee will testify Tuesday before the House Financial Services Committee, and over at The Hill, the argument is made that GSE reform has to run through FSOC. The Hill looks at the gauntlet ahead.

The House Financial Services Committee on Wednesday announced the passage of several bills aimed at directed at improving transparency and accountability of the Financial Stability Oversight Council, an agency created out of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.