News Topic: FSOC
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FSOC calls for legislation on crypto spot markets
100 meetings in, has the Financial Stability Oversight Council found its footing?
5 ways Washington could shake up the stablecoin sector
Wall Street warned by U.S. regulators to speed up Libor exit
Will floundering FSOC gain more relevance under Yellen?
Biden plans to order climate risk strategy for financial assets
Yellen's priorities at FSOC: Climate risk, hedge funds, bond market
Yellen balks at calling asset managers systemically risky
Treasury Secretary Janet Yellen said she prefers to have the Financial Stability Oversight Council flag hazardous activities by nonbanks rather than subject specific firms to heightened supervision. ]] ... Read full article
Will banks be pulled into GameStop uproar?
Banks weren't involved in the trading frenzy, but some observers say the regulatory response should address risks to all financial institutions. ... Read full article
Panel of regulators flags financial stability risks from pandemic
The economic fallout from COVID-19 has highlighted systemic concerns about commercial real estate exposure, business debt and short-term wholesale funding, the Financial Stability Oversight Council said in an annual report. ... Read full article
What to expect when you’re expecting divided government
President-elect Joe Biden will likely have to contend with a Republican-controlled Senate. That could have important implications for his approach to financial services policy. ... Read full article
FSOC leaves mortgage markets uncertain
FSOC’s statement on the FHFA’s proposed capital rule raises questions for market participants trying to anticipate a post-conservatorship secondary mortgage market, should the incoming administration go through with the GSEs’ exit from governmental ... Read full article
Oversight council warns of systemic threat from Fannie, Freddie
The Financial Stability Oversight Council said the mortgage giants may need a bigger capital cushion than their regulator has proposed, but stopped short of designating them as “systemically important financial institutions.” ... Read full article
FSOC to look more closely at secondary mortgage market
The council created by the Dodd-Frank Act to identify systemic risks launched a review of the market as part of an activities-based approach that shifts focus away from targeting individual firms. ... Read full article
How COVID-19 could alter the regulatory landscape
The 2008 financial crisis transformed banking regulation. But how have those changes held up in the current recession, and what might be coming next? ... Read full article
Dodd-Frank didn’t build stress testing for coronavirus
Requiring banks to test themselves is likely to be a waste of time in the current crisis, says a former Senate Banking counsel. ... Read full article
Does FSOC have a role to play in coronavirus response?
After budget cuts and a strategic transition, the interagency body conceived by Dodd-Frank to identify systemic threats has largely been silent as the pandemic roils the economy. ... Read full article
How bank regulators could mitigate coronavirus fallout
Policymakers could recommend banks establish backup facilities and the Federal Reserve could stand ready with emergency loans to limit economic shock waves. ... Read full article
Bloomberg tacks left on financial regulation. Should banks be worried?
Years after criticizing the Dodd-Frank Act, the Democratic presidential candidate and former New York City Mayor Michael Bloomberg is now taking a page from the Elizabeth Warren playbook. ... Read full article