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WASHINGTON — The Treasury Department would begin to collect fees from large banks on July 20 to fund the Office of Financial Research and Financial Stability Oversight Council under a proposal published Tuesday.
January 3 -
The Office of Financial Research, established by the Dodd-Frank Act to help regulators identify and thwart systemic risk events, faces a daunting task.
December 13 -
The Financial Stability Oversight Council, the newest, largest, and surely the most unusual multi-member agency ever to be created by Congress, has begun its work. Comprised of ten voting members — the secretary of the Treasury, the chairman of the Federal Reserve Board, the heads of the independent financial regulatory agencies, and a presidential appointee with insurance expertise — and five "advisory" nonvoting members, the FSOC has been given the mission, broadly stated, of protecting the financial stability of the United States.
December 7 -
Under a proposal issued by the Financial Stability Oversight Council, nonbanks with more than $50 billion in consolidated assets could be subject to designation as systemically important if they meet one of five other thresholds.
October 11
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