WASHINGTON, March 30 -- Financial Stability Oversight Council has issued a proposed rule called: Authority To Require Supervision and Regulation of Certain Nonbank Financial Companies.
The proposed rule was published in the Federal Register on March 30 by Christina Skinner, Deputy Assistant Secretary for the Council.
Summary: This proposed interpretive guidance, which would replace the Financial Stability Oversight Council's existing interpretive guidance on nonbank financial company determinations and its analytic framework for financial stability risks, describes the approach the Council intends to take in prioritizing its work to identify and address potential risks to U.S. financial stability using an activities-based approach, and en...