The FSOC proposed a new interpretive guidance and analytical framework that would revise the process it will follow with respect to designation of any nonbank financial institution – which could potentially include registered investment advisers – as systemically important (i.e., a nonbank SIFI) under the 2010 Dodd-Frank Act.
A new Biden Administration report lays out "a roadmap for measuring, disclosing, managing, and mitigating climate-related financial risk across the economy” and follows an executive order regarding financial risk and climate change policy.
SEC Chair Addresses Systemic Risk Council on Money Market Funds, LIBOR; CFTC Receives Recommendation for Best Practice Benchmark to Replace LIBOR June 15, 2021 In his first remarks to...
Executive Order on Climate Risk Directs DOL to Act on ESG, Proxy Rules by September May 25, 2021 President Biden has issued an executive order to advance the Administration’s...
FSOC Meeting Focuses on Hedge Funds, Mutual Funds, Impact of Climate Change on Financial Stability April 9, 2021 The Financial Stability Oversight Council’s (FSOC’s) first meeting of the year...
Sen. Warren Questions Treasury’s Yellen about SIFI Designations for Asset Managers Updated March 26, 2021 During a recent Senate Banking Committee hearing, Sen. Elizabeth Warren (D-Mass.) pressed Treasury Secretary...
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