Financial Stability Oversight Council

On July 18, the Financial Stability Oversight Council (FSOC) adopted its final rule on the designation of systemically important financial market utilities (FMUs) under Title VIII of the the Dodd-Frank Wall Street Reform and Consumer Protection Act Dodd-Frank Act. The rule contemplates that the designation process will have four phases:
Continue Reading Final FSOC Rule on Designations of Systemically Important Financial Market Utilities