The Traderszone Network

Published in TZ Latest News 6 October, 2014 by The TZ Newswire Staff

FSOC may tweak process for spotting super-risky firms

The Financial Stability Oversight Council, a group of the nation’s main financial regulators, has named three such companies as being so important that their demise could pose risks to the global system, subjecting them to tougher oversight. “The council has received a number of suggestions regarding its process for evaluating non-bank financial companies for potential designation,” Treasury Secretary Jack Lew said at a meeting of the FSOC, which he chairs.

read more