![]() financial stability, whether they come from activities, individual firms, or otherwise. For the first time, the Council is proposing to issue a framework broadly explaining how it identifies, evaluates, and responds to potential risks to U.S. Provide transparency to the public on how the Council performs its duties. financial stability, regardless of the source of those risks. The new proposed guidance would help ensure that the Council can use all of its statutory authorities as appropriate to address risks to U.S. ![]() The financial system continues to evolve, and past crises have shown the importance of being able to act decisively to address risks to financial stability before they destabilize the system. Enhance the Council’s ability to address financial stability risks. The actions proposed today by the Council would: This proposed guidance would replace the Council’s existing guidance and describes the procedural steps the Council would take in considering whether to designate a nonbank financial company. The Council also voted unanimously to issue for public comment new proposed interpretative guidance on the Council’s procedures for designating nonbank financial companies for Federal Reserve supervision and enhanced prudential standards. This new framework is intended to provide greater transparency to the public about how the Council identifies, assesses, and addresses potential risks to financial stability, regardless of whether the risk stems from activities or firms. Authority to Require Supervision and Regulation of Certain Nonbank Financial Companies ġ) Apr 21 - The Financial Stability Oversight Council (Council) today voted unanimously to issue for public comment a proposed analytic framework for financial stability risks. ![]() Analytic Framework for Financial Stability Risk Identification, Assessment, and Response June 27 - Comment period extended to July 27, 2023. ![]()
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