10 regulators meet to pick non-bank firms that pose risks
The Financial Stability Oversight Council, made up of US regulators, holds it first meeting today to decide how to identify which non-bank financial institutions need special scrutiny, Reuters reports.
The panel of 10 also includes top officials from the Federal Reserve, the Securities and Exchange Commission, and the Commodity Futures Trading Commission.
The council is headed by Treasury Secretary Timothy Geithner. He has clashed with other regulators, including Federal Deposit Insurance Corp Chairman Sheila Bair.
Websites
No comments yet