By Aaron Nicodemus2023-04-24T18:28:00
Federal regulators proposed Friday to place nonbank financial institutions (NBFIs), such as hedge and money market funds, under supervision of the Federal Reserve Board if their activities are deemed to pose a systemic risk to the U.S. financial system.
The Financial Stability Oversight Council (FSOC), comprised of regulators including Fed Chair Jerome Powell and Securities and Exchange Commission Chair Gary Gensler, voted unanimously to adopt a new framework for designating NBFIs under the Fed’s supervision.
The framework will “be subject to prudential standards” that “will be firm-specific and may include an assessment of quantitative and qualitative information that the council deems relevant to a particular [NBFI],” FSOC said.
2023-11-06T19:26:00Z By Kyle Brasseur
A new analytic framework approved by the Financial Stability Oversight Council seeks to provide further clarity into how the U.S. financial system is monitored for potential financial stability risks.
2023-03-17T14:37:00Z By Kyle Brasseur
The Federal Reserve and other U.S. banking agencies are working to develop joint guidance to clarify regulatory expectations around third-party risk management, according to Fed Governor Michelle Bowman.
2022-12-13T14:59:00Z By Aaron Nicodemus
The Consumer Financial Protection Bureau proposed a rule that would require certain nonbank financial firms to register consumer protection orders filed against them by other federal agencies, courts, or states into a new, publicly accessible registry.
2025-08-01T22:31:00Z By Oscar Gonzalez
The Securities and Exchange Commission is taking its pro-crypto messaging on the road, planning a series of events for its Crypto Task Force that will be held across the U.S. starting on Aug. 4.
2025-08-01T20:07:00Z By Aly McDevitt
The DOJ is warning that simply scrubbing DEI-related words from policy documents or training materials—and replacing them with thinly veiled proxies—will not protect federally funded organizations from legal scrutiny.
2025-07-31T20:37:00Z By Neil Hodge
When growth slows, governments often cut rules to attract investment, as the U.K. has in its financial services sector, which contributes 8.8% of GDP, but easing the “compliance burden” raises concerns about oversight, governance, and prioritizing profits over safety.
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