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

Support CleanTechnica's work through a Substack subscription or on Stripe. 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 ... [continued]

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