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Lawmaker, SEC commissioner seek enhanced FSOC accountability
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Financial Stability
Tuesday, April 8, 2014
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A top U.S. House Republican and a Democrat on the Securities and Exchange Commission are calling for enhanced accountability for a federal panel tasked under the Dodd-Frank Act with identifying and addressing threats to U.S. financial stability. Concerns about the panel — the Financial Stability Oversight Council — come as the FSOC prepares to decide whether to use its Dodd-Frank authority to subject certain asset management industry participants to enhanced prudential standards and supervision. Read on to learn about FSOC transparency legislation proposed by Rep. Scott Garrett, R-N.J.
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