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House Financial Services lawmakers hammer FSOC on transparency
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Dodd-Frank Basics, Financial Stability
Friday, June 27, 2014
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At a June 24 committee hearing, Treasury Secretary Jacob Lew presented the 2014 annual report of the Financial Stability Oversight Council, but spent most of the 90-minute hearing on the defensive as legislators demanded details about FSOC’s decision-making process, particularly with regard to its ability to identify and designate certain large firms as systemically important financial institutions.
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