The budget watchdog for the federal government, the General Accounting Office (GAO) wants the Congress and the President to clarify the morass of federal regulators overseeing U.S. financial markets, particularly the interactions between the Federal Reserve and the Office of Financial Research (OFR). A report on regulators was part of a larger GAO report on… Read More >>
FSOC Targets Risks Posed by Asset Managers
The Financial Stability Oversight Council (FSOC) reports that, on December 18, it voted unanimously to issue a public request for comment (RFC) regarding “potential risks to U.S. financial stability from asset management products and activities.” The FSOC is “seeking input from the public about potential risks to the U.S. financial system associated with liquidity and… Read More >>
