Garrett Brings NY Fed Into FSOC Issues
Rep. Scott Garrett is demanding that the New York Fed share with him any information it provides to the FSOC on nonbank SIFI designations.
House Committee Votes to Block SIFI Designations
The two bills would effectively shutter the FSOC for a year, but analysts give them little chance of becoming law.
What Makes a Nonbank SIFI? GOP Lawmakers Demand Answers
“Both FSB and FSOC appear to take a ‘we-know-it-when-we-see-it’ approach” to identifying systemically risky firms, the House Republicans say in a letter.
ICI: Too-Big-to-Fail Label Would Hurt Mutual Fund Investors
BlackRock, Fidelity and other U.S. mutual fund companies are pushing back against claims that some firms may be too big to fail.
Senator Concerned Over Treasury’s SIFI Report on Asset Managers
Issues have been raised about “the integrity” of the study on systemic importance of asset management firms, says Senate Banking's Crapo.
Prudential Loses Appeal, Is Designated a SIFI by FSOC
Under the Dodd-Frank Act, Prudential is entitled to bring an action within 30 days in federal court to have the final determination rescinded.
Regulators Question Interest Rates From Sweden to Singapore
Regulators are questioning how interest rates are set across the globe—not just LIBOR and EURIBOR, but also various in-country rates.
Mario Draghi: The 2012 IA 25 Extended Profile
What seems clear, even in the midst of what appears to be a crisis without end in the eurozone, is that Draghi’s leadership at the ECB has averted a much more serious disaster on the Continent.
The 2012 IA 25
Some people ride a wave and some people, like the honorees of the 10th annual IA 25, create a wave.
Regulators Casting Light on Shadow Banks
Concerns that shadow banks have no backstop in case of crisis and offer opportunities to engage in risky, if not illegal behavior, are pushing regulators for the G20 to look more closely at such institutions.