FSOC Open Meeting to Consider Final Dodd-Frank Rulemakings
On April 3, the Financial Stability Oversight Council (FSOC) unanimously approved a final rule and interpretative guidance on the supervision and regulation of certain nonbank financial firms. Treasury staff noted that the final rule is very similar to the proposed rule and that public comments were considered.
The FSOC also unanimously approved a final rule regarding implementation of the Freedom of Information Act (FOIA). The rule establishes the process for submitting FOIA requests and outlines the process by which such requests are considered.
Treasury Secretary Timothy Geithner noted how this meeting was the last meeting for Acting Comptroller of the Currency John Walsh and the first meeting for Richard Cordray, Director of the Consumer Financial Protection Bureau.
Final rule language can be found here.
,Blog Tags:,Blog Categories:,Blog TrackBack:,Blog Pingback:No,Hearing Summaries Issues:Capital/Resolution Authority/SIFIs,Hearing Summaries Agency:FSOC,Publish Year:2012
On April 3, the Financial Stability Oversight Council (FSOC) unanimously approved a final rule and interpretative guidance on the supervision and regulation of certain nonbank financial firms. Treasury staff noted that the final rule is very similar to the proposed rule and that public comments were considered.
The FSOC also unanimously approved a final rule regarding implementation of the Freedom of Information Act (FOIA). The rule establishes the process for submitting FOIA requests and outlines the process by which such requests are considered.
Treasury Secretary Timothy Geithner noted how this meeting was the last meeting for Acting Comptroller of the Currency John Walsh and the first meeting for Richard Cordray, Director of the Consumer Financial Protection Bureau.
Final rule language can be found here.