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Designation work, Brexit keeping FSOC busy
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Financial Stability
Tuesday, July 19, 2016
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The Financial Stability Oversight Council (FSOC) has been in the spotlight the past couple of months, with House bills looking to reign in its reach and oversight of non-bank financial companies, a court overturning its designation of MetLife as a systemically important financial institution (SIFI), and then the FSOC itself reversing course on its SIFI designation of GE Capital Corp. Still, members say the cooperative work of the agencies used to produce its annual report shows the positive impact FSOC is having on the financial industry. Read on for more details.
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