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Trump directs Mnuchin to examine FSOC process
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Banking, Corporate Governance, Financial Stability, Legislation
Tuesday, April 25, 2017
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The process through which the Financial Stability Oversight Council designates financial companies as systemically important soon will come under close scrutiny from Treasury Secretary Steven Mnuchin per a presidential memorandum signed by President Donald Trump.
The memo is one of two directing Mnuchin to examine Dodd-Frank provisions.
In this one, Trump directs Mnuchin to determine whether a nonbank financial company poses a threat to the nation’s financial stability and, therefore, be subject to increased regulatory standards.
Read on to learn more about the memorandum.
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