The U.S. Treasury and top financial regulators are proposing new rules to facilitate the Federal Reserve’s ability to designate nonbank institutions as systemically important, which would subject them to increased supervision and regulation. Concerns have been raised by U.S. Treasury Secretary Janet Yellen over nonbank financial institutions during the Financial Stability Oversight Council (FSOC) Council … U.S. ramps up oversight of nonbanks amid financial uncertainty Read More »
