Congress: FSOC Is “Arbitrary And Inconsistent”

In May of 2015, the House Financial Services Committee (the Committee) began its investigation into the Financial Stability Oversight Council’s (FSOC) process for designating nonbank financial companies as systemically important financial institutions (SIFIs). In February of this year, the Committee released its report detailing its findings, and explaining how it arrived at the conclusion that “FSOC’s nonbank designation process is arbitrary and inconsistent.”

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