Section 113 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”) authorizes the Financial Stability Oversight Council (the “Council”) to determine that a nonbank financial company shall be supervised by the Board of Governors of the Federal Reserve System (the “Board of Governors”) and shall be subject to prudential [...]
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Posted on October 25th, 2011
Frank Wall Street Reform and Consumer Protection Act (the ‘‘Dodd-Frank Act’’) authorizes the Financial Stability Oversight Council to require a nonbank financial company to be supervised by the Board of Governors of the Federal Reserve System (the ‘‘Board of Governors’’) and be subject to prudential standards in accordance with Title I of the [...]
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Posted on October 19th, 2011
Section 113 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”) authorizes the Financial Stability Oversight Council to require a nonbank financial company to be supervised by the Board of Governors of the Federal Reserve System and be subject to prudential standards in accordance with Title I of the [...]
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Posted on July 28th, 2011
Section 804 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “DFA”) provides the Financial Stability Oversight Council (the “Council”) the authority to designate a financial market utility (“FMU”) that the Council determines is or is likely to become systemically important because the failure of or a disruption to the functioning [...]
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Posted on July 28th, 2011
This report supports the view that the combination of the Orderly Liquidation Authority and the new supervisory framework provided by Title I of the Dodd-Frank Act can be used to achieve the goals of market discipline and taxpayer protection effectively in the absence of secured creditor haircuts.
Source: FSOC
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3 pages