Austin McComb

Jan 9, 2024 | lexology.com | Robert J. Rhatigan |Corey Rose |Austin McComb

Key TakeawaysThe Financial Stability Oversight Council unanimously approved an analytic framework for financial stability risk identification, assessment and response and interpretive guidance on nonbank financial company determinations on November 3, 2023.

May 25, 2023 | jdsupra.com | K. Susan Grafton |Mark D. Perlow |Austin McComb

The Financial Stability Oversight Council on April 21, 2023, released for public comment a proposed analytic framework for financial stability risk identification, assessment and response (Proposed Framework)1 and proposed interpretive guidance on nonbank financial company determinations (Proposed Guidance) (together, Proposals).2 The Proposals would work in concert to alter the processes by which FSOC designates nonbank financial companies (nonbanks) as “systemically important financial...