FSOC’s Proposed Guidance on Nonbank Designations Undermines its Ability to Address Systemic Risk

WASHINGTON, D.C. — If a proposal by the Financial Stability Oversight Council (FSOC) is implemented, the Council will erode its authority to protect the financial system from large nonbank financial companies like insurance companies, nonbank mortgage lenders, and private equity and credit firms, according to documents submitted today by Public Citizen, ... [continued] The post FSOC’s Proposed Guidance on Nonbank Designations Undermines its Ability to Address Systemic Risk appeared first on CleanTechnica.