Dodd-Frank’s FSOC Under Fire as Americans Push for Wall Street Crackdown
Just as a poll shows Americans back tough regulations on Wall Street, regulators and lawmakers continue to sharply criticize the Financial Stability Oversight Council.
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.
House Seeks 6-Month Halt on SIFI Designations
House Financial Services will vote Thursday on a bill that would bar the FSOC from designating any financial institution as systemically significant for six months.
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.
Yellen, Not Debt Ceiling Debate, to Spark Washington Fireworks
While Yellen will face tough critics Tuesday, analysts are optimistic that a debt limit bill will pass prior to the Feb. 27 deadline.
Lawmakers: SEC Failed to Analyze Volcker Rule, Broke Federal Law
A congressional hearing on Wednesday focused on the unintended consequences of the Volcker Rule.
SEC Mulls Including Advisors as ‘Accredited’ Investors
"Professional certifications ... are among the possible supplemental or alternative criteria for qualifying as an accredited investor," says SEC Chief White.
How Financial Reform Became a Fiasco
Three years after Dodd-Frank’s passage, President Obama and Congress have failed to shepherd sound financial-industry rules, or level with the public.
Lawmakers Challenge Hedge Fund Ad Rules
Two representatives warn the SEC that the rule, requiring funds to file "wildly expanded" paperwork 15 days before advertising starts, runs afoul of the JOBS Act's intent and would "delay free speech."