The Financial Stability Oversight Council’s (FSOC) recent meeting included an analysis of the potential risks large hedge funds pose to financial stability through the use of leverage and a vote to revise the FSOC’s Freedom of Information Act (FOIA) regulations to comply with the FOIA Improvement Act of 2016.
The meeting, convened by Treasury Secretary Jacob J. Lew, also included an executive session that featured a presentation by the Commodity Futures Trading Commission on its stress tests of central counterparties, as well as discussion of ongoing annual re-evaluation of how FSOC designates nonbank financial companies.
Read on to learn the details of what was discussed.