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FSOC approves framework for financial stability designations, nonbank guidance
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Banking, Financial Stability, Government Oversight
Tuesday, November 14, 2023
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To shed light on the process for determining the level of
risk a financial entity may pose to the U.S. economy, the Financial Stability
Oversight Council (FSOC) unanimously approved final versions of a new analytic
framework for making such determinations, as well as updated guidance on the council’s
determination process tailored for nonbank financial entities.
The FSOC Analytic Framework details the vulnerabilities and
transmission channels which most frequently contribute to financial stability
risks, whether these activities stem from widely conducted activities or
individual firms.
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