Financial Stability Oversight Council

Latest stories

1d
Business Insurance
CEO: AIG 'on track' despite $183 million 1Q loss— to enhance value and remove the “systemically important financial institution
CEO: AIG 'on track' despite $183 million 1Q loss
Business Insurance / Posted yesterday
— to enhance value and remove the “systemically important financial institution” designation imposed on AIG by the federal Financial Stability Oversight Council. The SIFI designation subjects financial institutions to increased reporting... Read more
10 related stories
2d
The Washington Times
HAL SCOTT: When Treasury intrudes in court decisionsJacob Lew has aggressively criticized U.S. District Court Judge Rosemary Collye
HAL SCOTT: When Treasury intrudes in court decisions
The Washington Times / Posted 2 days ago
Jacob Lew has aggressively criticized U.S. District Court Judge Rosemary Collyer’s legal decision to invalidate the Financial Stability Oversight Council’s designation of MetLife as a systemically important financial institution (SIFI). Mr.... Read more
4d
Acton Commentary
Did President Obama save the world from a Great Depression? Probably not.change would occur. But Dodd-Frank has arguably worsened the “too-big-to-fail”
Did President Obama save the world from a Great Depression? Probably not.
Acton Commentary / Posted 4 days ago
change would occur. But Dodd-Frank has arguably worsened the “too-big-to-fail” problem. It created, for instance, the Financial Stability Oversight Council (FSOC) Led by the Treasury Secretary, the FSOC, as stated on its website, “brings... Read more
8d
The Hill
Returning the power of the purse to Congressall of this is done by unelected In response, on April 14, the House of Repres
Returning the power of the purse to Congress
The Hill / Posted 8 days ago
all of this is done by unelected In response, on April 14, the House of Representatives passed my legislation: the Financial Stability Oversight Council Reform Act. This bill would increase oversight, transparency and accountability by... Read more
8d
Market Watch
Mortgage REITs are enjoying a renaissancecurrent economy. A few years ago, the strategy of borrowing in the overnight m
Mortgage REITs are enjoying a renaissance
Market Watch / Posted 8 days ago
current economy. A few years ago, the strategy of borrowing in the overnight markets caught the eye of regulators like the Financial Stability Oversight Council and the International Monetary Fund. The FSOC, which was created in the wake of the... Read more
12d
TheStreet.com
How the GE juggernaut is shrugging off a wicked oil-market slumpimposed by regulators attempting to prevent a recurrence of the financial crisi
How the GE juggernaut is shrugging off a wicked oil-market slump
TheStreet.com / Posted 12 days ago
imposed by regulators attempting to prevent a recurrence of the financial crisis. The label, which GE formally asked the Financial Stability Oversight Council to remove in late March, subjects businesses large enough to threaten the economy if... Read more
25 related stories
12d
TheStreet.com
Streamlined GE beats estimates amid growth in aviation, healthcareimposed by regulators attempting to prevent a recurrence of the financial crisi
Streamlined GE beats estimates amid growth in aviation, healthcare
TheStreet.com / Posted 12 days ago
imposed by regulators attempting to prevent a recurrence of the financial crisis. The label, which GE formally asked the Financial Stability Oversight Council to remove in late March, subjects businesses large enough to threaten the economy if... Read more
25 related stories
14d
KPBS San Diego
Breaking Up The Banks May Be More Complicated Than It Seemscan, for example, require a bank to hold more capital if they deem some of its
Breaking Up The Banks May Be More Complicated Than It Seems
KPBS San Diego / Posted 14 days ago
can, for example, require a bank to hold more capital if they deem some of its activities too risky. Meanwhile, the new Financial Stability Oversight Council, which was formed as part of the Dodd-Frank financial overhaul, has a lot of ammunition... Read more
15d
KERA North Texas
Breaking Up The Banks May Be More Complicated Than It Seemscan, for example, require a bank to hold more capital if they deem some of its
Breaking Up The Banks May Be More Complicated Than It Seems
KERA North Texas / Posted 15 days ago
can, for example, require a bank to hold more capital if they deem some of its activities too risky. Meanwhile, the new Financial Stability Oversight Council, which was formed as part of the Dodd-Frank financial overhaul, has a lot of ammunition... Read more
15d
Investopedia
FSOC Hedge Fund Regulation Updates Question Stabilityand saddled costs on banks and insurers with the moniker, hedge funds were expe
FSOC Hedge Fund Regulation Updates Question Stability
Investopedia / Posted 15 days ago
and saddled costs on banks and insurers with the moniker, hedge funds were expected to be next in line. However, the Financial Stability Oversight Council (FSOC​) instead voted yesterday to endorse a document update to SEC rules promulgated... Read more
15d
USA Today
Delamaide: Wall Street 3, U.S. public 0as “grave enough to damage the economy.” The nerve. That the heads of all the
Delamaide: Wall Street 3, U.S. public 0
USA Today / Posted 15 days ago
as “grave enough to damage the economy.” The nerve. That the heads of all the federal regulatory agencies grouped in the Financial Stability Oversight Council chaired by Treasury Secretary Jack Lew should decide after months of reflection that... Read more
15d
Market Watch
What to expect from GE earningsweek,” GE Capital Chief Executive Keith Sherin said in a statement. The move i
What to expect from GE earnings
Market Watch / Posted 15 days ago
week,” GE Capital Chief Executive Keith Sherin said in a statement. The move is a key part of the company’s request to the Financial Stability Oversight Council to rescind its “Systemically Important Financial Institution” designation, which had... Read more
16d
Stamford Advocate
Here's a super quick guide to what traders are talking about right now (SPY, DJI, IXIC, USO, WTI, OIL, VDE)when Fed's Kashkari (neutral, non-voter) Speaks in Minneapolis at12:30. Tonight
Here's a super quick guide to what traders are talking about right now (SPY, DJI, IXIC, USO, WTI, OIL, VDE)
Stamford Advocate / Posted 16 days ago
when Fed's Kashkari (neutral, non-voter) Speaks in Minneapolis at12:30. Tonight after the close, Treasury Sec Lew chairs Financial Stability Oversight Council at 5pm, while Fed's Rosengren (Voter, Dove) to Speak at Central Conn. State University... Read more
4 related stories
16d
Connecticut Post
Here's a super quick guide to what traders are talking about right now (SPY, DJI, IXIC, USO, WTI, OIL, VDE)when Fed's Kashkari (neutral, non-voter) Speaks in Minneapolis at12:30. Tonight
Here's a super quick guide to what traders are talking about right now (SPY, DJI, IXIC, USO, WTI, OIL, VDE)
Connecticut Post / Posted 16 days ago
when Fed's Kashkari (neutral, non-voter) Speaks in Minneapolis at12:30. Tonight after the close, Treasury Sec Lew chairs Financial Stability Oversight Council at 5pm, while Fed's Rosengren (Voter, Dove) to Speak at Central Conn. State University... Read more
4 related stories
16d
San Francisco Chronicle
Here's a super quick guide to what traders are talking about right now (SPY, DJI, IXIC, USO, WTI, OIL, VDE)when Fed's Kashkari (neutral, non-voter) Speaks in Minneapolis at12:30. Tonight
Here's a super quick guide to what traders are talking about right now (SPY, DJI, IXIC, USO, WTI, OIL, VDE)
San Francisco Chronicle / Posted 16 days ago
when Fed's Kashkari (neutral, non-voter) Speaks in Minneapolis at12:30. Tonight after the close, Treasury Sec Lew chairs Financial Stability Oversight Council at 5pm, while Fed's Rosengren (Voter, Dove) to Speak at Central Conn. State University... Read more
4 related stories
16d
Business Wire
GE Completes Sale of Online Deposit Platform and Transfer of Remaining U.S. Deposits to Goldman Sachs Bank USAthe exposure of the U.S. deposit insurance safety net to GE Capital are key asp
GE Completes Sale of Online Deposit Platform and Transfer of Remaining U.S. Deposits to Goldman Sachs Bank USA
Business Wire / Posted 16 days ago
the exposure of the U.S. deposit insurance safety net to GE Capital are key aspects of GE Capital’s request to the Financial Stability Oversight Council (FSOC) for rescission of GE Capital’s designation as a nonbank Systemically Important... Read more
16d
Naked Capitalism
Andrew Ross Sorkin Makes a Hash of Met Life "Too Big to Fail" DecisionDangerous Sorkin shows that he does not understand the statute or the concept
Andrew Ross Sorkin Makes a Hash of Met Life "Too Big to Fail" Decision
Naked Capitalism / Posted 16 days ago
Dangerous Sorkin shows that he does not understand the statute or the concept of what the statute provides as to when the Financial Stability Oversight Council (FSOC) designates an institution as systemically dangerous. (In a telling euphemism,... Read more
17d
Craig Daily Press
Business Buzz: Chamber mixer at Grant Mortuary ThursdayD.C. — According to a news release, U.S. Congressman Scott Tipton, R-Colorado,
Business Buzz: Chamber mixer at Grant Mortuary Thursday
Craig Daily Press / Posted 17 days ago
D.C. — According to a news release, U.S. Congressman Scott Tipton, R-Colorado, voted in favor of H.R. 3340 – the Financial Stability Oversight Council Reform Act which allows for critical congressional oversight of the Financial Stability... Read more
17d
Spartanburg Herald-Journal
How SC members of Congress voted, week ending April 15239 for and 179 against, the House on April 14 passed a GOP-drafted bill (HR 33
How SC members of Congress voted, week ending April 15
Spartanburg Herald-Journal / Posted 17 days ago
239 for and 179 against, the House on April 14 passed a GOP-drafted bill (HR 3340) that would subject the budgets of the Financial Stability Oversight Council and Office of Financial Research to congressional appropriations and thus to... Read more
19d
The Hendersonville Times-News
Votes in Congress, week ending April 15239 for and 179 against, the House on April 14 passed a GOP-drafted bill (HR 33
Votes in Congress, week ending April 15
The Hendersonville Times-News / Posted 19 days ago
239 for and 179 against, the House on April 14 passed a GOP-drafted bill (HR 3340) that would subject the budgets of the Financial Stability Oversight Council and Office of Financial Research to congressional appropriations and thus to... Read more
19d
Bangor Daily News
The yeas and nays: How Maine’s congressional representatives voted this weekwith 411 yeas. Both Pingree and Poliquin were among the yeas. OVERSIGHT OF FIN
The yeas and nays: How Maine’s congressional representatives voted this week
Bangor Daily News / Posted 19 days ago
with 411 yeas. Both Pingree and Poliquin were among the yeas. OVERSIGHT OF FINANCIAL REGULATORS: The House has passed the Financial Stability Oversight Council Reform Act, sponsored by Rep. Tom Emmer, R-Minnesota. The bill would require the... Read more
19d
The Hill
Overnight Finance: House GOP to huddle on Puerto Rico billa bill Thursday that would put two key financial regulators under tighter congr
Overnight Finance: House GOP to huddle on Puerto Rico bill
The Hill / Posted 19 days ago
a bill Thursday that would put two key financial regulators under tighter congressional oversight. The bill would make the Financial Stability Oversight Council (FSOC) and the Treasury Department's Office of Financial Research (OFR) subject to... Read more
2 related stories
20d
The Hill
House passes bill to ramp up financial regulator oversighta bill Thursday that would put two key financial regulators under tighter congr
House passes bill to ramp up financial regulator oversight
The Hill / Posted 20 days ago
a bill Thursday that would put two key financial regulators under tighter congressional oversight. The bill would make the Financial Stability Oversight Council (FSOC) and the Treasury Department’s Office of Financial Research (OFR) under direct... Read more
20d
Market Watch
Treasury, Fed officials tell senators liquidity is fine in bond marketsand the Commodity Futures Trading Commission, a review of the Treasury market,
Treasury, Fed officials tell senators liquidity is fine in bond markets
Market Watch / Posted 20 days ago
and the Commodity Futures Trading Commission, a review of the Treasury market, the most comprehensive since 1998. The Financial Stability Oversight Council, or FSOC, is also looking at the impact of market structure changes. In January,... Read more
2 related stories
20d
Stamford Advocate
Here's a super quick guide to what traders are talking about right nowmeasures: H.R. 3791 would change rules related to small bank holding companies
Here's a super quick guide to what traders are talking about right now
Stamford Advocate / Posted 20 days ago
measures: H.R. 3791 would change rules related to small bank holding companies and H.R. 3340 related to funding for Financial Stability Oversight Council; White House has threatened vetoes on both measures - Tonight we get heavy China data -... Read more
2 related stories
20d
Connecticut Post
Here's a super quick guide to what traders are talking about right nowmeasures: H.R. 3791 would change rules related to small bank holding companies
Here's a super quick guide to what traders are talking about right now
Connecticut Post / Posted 20 days ago
measures: H.R. 3791 would change rules related to small bank holding companies and H.R. 3340 related to funding for Financial Stability Oversight Council; White House has threatened vetoes on both measures - Tonight we get heavy China data -... Read more
2 related stories
20d
San Francisco Chronicle
Here's a super quick guide to what traders are talking about right nowmeasures: H.R. 3791 would change rules related to small bank holding companies
Here's a super quick guide to what traders are talking about right now
San Francisco Chronicle / Posted 20 days ago
measures: H.R. 3791 would change rules related to small bank holding companies and H.R. 3340 related to funding for Financial Stability Oversight Council; White House has threatened vetoes on both measures - Tonight we get heavy China data -... Read more
2 related stories
20d
Zero Hedge
BofA Profit Misses, Tumbles 13% On Trading Revenue Slide, Build In Energy Reservesholding companies with total consolidated assets of $50 billion or more and non
BofA Profit Misses, Tumbles 13% On Trading Revenue Slide, Build In Energy Reserves
Zero Hedge / Posted 20 days ago
holding companies with total consolidated assets of $50 billion or more and nonbank financial companies designated by the Financial Stability Oversight Council (FSOC) for supervision by the Federal Reserve periodically submit resolution plans to... Read more
160 related stories
20d
Investopedia
5 Of 8 Big Banks 'Failed' By U.S. Regulators (MS, WFC)holding companies with total consolidated assets of $50 billion or more and non
5 Of 8 Big Banks 'Failed' By U.S. Regulators (MS, WFC)
Investopedia / Posted 20 days ago
holding companies with total consolidated assets of $50 billion or more and nonbank financial companies designated by the Financial Stability Oversight Council for supervision by the Federal Reserve periodically submit resolution plans to the... Read more
22d
Op-Ed News
Economist Dean Baker Dissects Bernie's NY Daily News Interviewthe Treasury Secretary could have the authority to do this. This is actually co
Economist Dean Baker Dissects Bernie's NY Daily News Interview
Op-Ed News / Posted 22 days ago
the Treasury Secretary could have the authority to do this. This is actually correct. The Treasury Secretary sits on the Financial Stability Oversight Council (FSOC), along with the heads of most of the other financial regulatory agencies. Most... Read more
22d
The Alpena News
Judge’s ruling highlights concerns about arbitrary decisionsMore than two years ago, the Financial Stability Oversight Council labeled insu
Judge’s ruling highlights concerns about arbitrary decisions
The Alpena News / Posted 22 days ago
More than two years ago, the Financial Stability Oversight Council labeled insurance giant MetLife as "systemically important" - and thus, requiring closer federal oversight than most other companies. Last week, U.S. District Judge Rosemary Collyer... Read more
22d
The Hill
Overnight Finance: Obama huddles with Yellen; Puerto Rico bill markup Wednesdaya.m. House Rules Committee: Business Meeting: H.R. 2666: No Rate Regulation of
Overnight Finance: Obama huddles with Yellen; Puerto Rico bill markup Wednesday
The Hill / Posted 22 days ago
a.m. House Rules Committee: Business Meeting: H.R. 2666: No Rate Regulation of Broadband Internet Access Act; H.R. 3340: Financial Stability Oversight Council Reform Act; H.R. 3791: To raise the consolidated assets threshold under the small bank... Read more
23d
The Hill
This week: Congress expected to miss budget deadlineexpected to consider two financial services measures. One bill up for a House v
This week: Congress expected to miss budget deadline
The Hill / Posted 23 days ago
expected to consider two financial services measures. One bill up for a House vote this week would make the budgets of the Financial Stability Oversight Council and the Office of Financial Research subject to the annual congressional appropriations... Read more
23d
The Hill
Puerto Rico, budget top House agendaof Broadband Internet Access Act. The bill would bar the FCC from setting rates
Puerto Rico, budget top House agenda
The Hill / Posted 23 days ago
of Broadband Internet Access Act. The bill would bar the FCC from setting rates for monthly Internet service. H.R. 3340: Financial Stability Oversight Council Reform Act; H.R. 3791: The bill would raise the consolidated assets threshold under the... Read more
23d
The Intelligencer and Wheeling News-Register
Arbitrary Action Harms ConsumersMore than two years ago, the Financial Stability Oversight Council labeled insu
Arbitrary Action Harms Consumers
The Intelligencer and Wheeling News-Register / Posted 23 days ago
More than two years ago, the Financial Stability Oversight Council labeled insurance giant MetLife as "systemically important" - and thus, requiring closer federal oversight than most other companies. Last week, U.S. District Judge Rosemary Collyer... Read more
25d
Salon.com
Bernie does have a plan to break up the banks: Enough with the handwringing over that Daily News interviewBrown’s SAFE Banking Act, are generally proposed around 2 or 3 percent of GDP.
Bernie does have a plan to break up the banks: Enough with the handwringing over that Daily News interview
Salon.com / Posted 25 days ago
Brown’s SAFE Banking Act, are generally proposed around 2 or 3 percent of GDP. Have the council of regulators known as the Financial Stability Oversight Council (FSOC), on which the Treasury Secretary serves as chair, declare the largest firms to... Read more
14 related stories
25d
Naked Capitalism
Paul Krugman Crosses the Line121 of the Dodd-Frank Act the Board of the Governors of the Federal Reserve has
Paul Krugman Crosses the Line
Naked Capitalism / Posted 25 days ago
121 of the Dodd-Frank Act the Board of the Governors of the Federal Reserve has the authority, subject to a 2/3 vote of the Financial Stability Oversight Council (FSOC) to take a range of actions, including (as a last resort) to “require the company... Read more
26d
Investopedia
MetLife Too Big To Fail Designation "Capricious" (MET, GE)Guggenheim Securities analyst, who wrote in a note to clients, "We believe the
MetLife Too Big To Fail Designation "Capricious" (MET, GE)
Investopedia / Posted 26 days ago
Guggenheim Securities analyst, who wrote in a note to clients, "We believe the court has left the door open for the Financial Stability Oversight Council to redesignate MetLife as a systemically important financial institution, though the... Read more
44 related stories
26d
Reuters
U.S. government appeals court decision in MetLife 'too big to fail' caseJack Lew had said he strongly disagreed with the decision and the government wo
U.S. government appeals court decision in MetLife 'too big to fail' case
Reuters / Posted 26 days ago
Jack Lew had said he strongly disagreed with the decision and the government would vigorously defend the work of the Financial Stability Oversight Council (FSOC), made up of several U.S. regulatory agency chiefs, which designated MetLife as a... Read more
44 related stories
26d
Channel NewsAsia
US government appeals court decision in MetLife 'too big to fail' caseJack Lew had said he strongly disagreed with the decision and the government wo
US government appeals court decision in MetLife 'too big to fail' case
Channel NewsAsia / Posted 26 days ago
Jack Lew had said he strongly disagreed with the decision and the government would vigorously defend the work of the Financial Stability Oversight Council (FSOC), made up of several U.S. regulatory agency chiefs, which designated MetLife as a... Read more
44 related stories
26d
Business Insurance
U.S. to appeal MetLife financial oversight rulinghas not issued regulations spelling out what that supervision and standards wil
U.S. to appeal MetLife financial oversight ruling
Business Insurance / Posted 26 days ago
has not issued regulations spelling out what that supervision and standards will be. In her ruling, Judge Collyer said the Financial Stability Oversight Council had ignored some of its own standards for designating a nonbank financial institution... Read more
44 related stories
26d
USA Today
Treasury to appeal MetLife's too-big-to-fail winMetLife did not pose a risk to the financial system. The decision to appeal wa
Treasury to appeal MetLife's too-big-to-fail win
USA Today / Posted 26 days ago
MetLife did not pose a risk to the financial system. The decision to appeal was not unexpected after Collyer blasted the Financial Stability Oversight Council for "arbitrary and capricious" handling of MetLife's risk assessment. Collyer's... Read more
44 related stories
26d
Market Watch
MetLife ruling shows too-big-fail debate misses the pointa big firm as problematic, how on earth would it be able to break one up? The
MetLife ruling shows too-big-fail debate misses the point
Market Watch / Posted 26 days ago
a big firm as problematic, how on earth would it be able to break one up? The ruling, by a district court, that the Financial Stability Oversight Council couldn’t designate MetLife MET, +0.60% as a systemically important financial... Read more
44 related stories
26d
Fortune
U.S. Will Appeal Metlife Ruling, Saying Yes it Is ‘Too Big to Fail’Secretary Jack Lew said he strongly disagreed with the decision and the governm
U.S. Will Appeal Metlife Ruling, Saying Yes it Is ‘Too Big to Fail’
Fortune / Posted 26 days ago
Secretary Jack Lew said he strongly disagreed with the decision and the government would vigorously defend the work of the Financial Stability Oversight Council (FSOC), made up of several U.S. regulatory agency chiefs, which designated MetLife as a... Read more
44 related stories
26d
CNBC
MetLife's 'too big to fail' tag is arbitrary: US judgeSecretary Jack Lew said he strongly disagreed with the decision and the governm
MetLife's 'too big to fail' tag is arbitrary: US judge
CNBC / Posted 26 days ago
Secretary Jack Lew said he strongly disagreed with the decision and the government would vigorously defend the work of the Financial Stability Oversight Council (FSOC), made up of several U.S. regulatory agency chiefs, which designated MetLife as a... Read more
44 related stories
26d
Lake Placid News
Judge: Govt wrongly ignored costs to MetLife of threat tagthe government's labeling of MetLife because it was "arbitrary and capricious."
Judge: Govt wrongly ignored costs to MetLife of threat tag
Lake Placid News / Posted 26 days ago
the government's labeling of MetLife because it was "arbitrary and capricious." The federal regulators who make up the Financial Stability Oversight Council failed to consider possible financial harm to the insurance giant from the action,... Read more
44 related stories
26d
KCEN-TV
Government's too-big-to-fail authority slammed by judgeharsh language, by District of Columbia federal judge Rosemary Collyer, shed li
Government's too-big-to-fail authority slammed by judge
KCEN-TV / Posted 26 days ago
harsh language, by District of Columbia federal judge Rosemary Collyer, shed light on her decision last week that the Financial Stability Oversight Council (FSOC) erred when it ruled that MetLife should be subject to stricter regulations to... Read more
44 related stories
26d
Boston Globe
Judge: Government wrongly ignored costs to MetLife of threat tagthe government’s labeling of MetLife because it was ‘‘arbitrary and capricious.
Judge: Government wrongly ignored costs to MetLife of threat tag
Boston Globe / Posted 26 days ago
the government’s labeling of MetLife because it was ‘‘arbitrary and capricious.’’ The federal regulators who make up the Financial Stability Oversight Council failed to consider possible financial harm to the insurance giant from the action,... Read more
44 related stories
26d
TribLIVE
Government wrongly ignored costs to MetLife of ‘too big’ label, judge rulesthe government's labeling of MetLife because it was “arbitrary and capricious.”
Government wrongly ignored costs to MetLife of ‘too big’ label, judge rules
TribLIVE / Posted 26 days ago
the government's labeling of MetLife because it was “arbitrary and capricious.” The federal regulators who make up the Financial Stability Oversight Council failed to consider possible financial harm to the insurance giant from the action,... Read more
44 related stories
26d
Daily Herald
Judge: Govt wrongly ignored costs to MetLife of threat tagthe government's labeling of MetLife because it was "arbitrary and capricious."
Judge: Govt wrongly ignored costs to MetLife of threat tag
Daily Herald / Posted 26 days ago
the government's labeling of MetLife because it was "arbitrary and capricious." The federal regulators who make up the Financial Stability Oversight Council failed to consider possible financial harm to the insurance giant from the action,... Read more
44 related stories
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