FINANCIAL STABILITY OVERSIGHT COUNCIL
$11-trillion US mortgage market has a shadowy new player
There’s no indication though that the council is considering singling out the business as a risk to financial stability.
Trump nominates Indian-American to key administration post
Washington, Sep 14 () Indian-American Bimal Patel has been nominated to a key admi...
Soccer-Late Wood goal earns U.S. 1-1 draw with Honduras
SOCCER-WORLDCUP-HND-USA/ (PIX):Soccer-Late Wood goal earns U.S. 1-1 draw with Honduras
US lifts "too big to fail" designation of GE's financing unit
The Financial Stability Oversight Council made up of all the heads of the major regulatory agencies voted unanimously to remove the label it put on the General Electric Co unit.
More companies look to follow GE's lead to exit government's "To Big To fail" list
Firms are paying attention to GE's un-bundling with hopes that they can also change their lines of business to attract less government attention.
Dodd-Frank or Dud Frank?
With the US Senate clearing the Dodd-Frank bill, the stage is set for President Barack Obama to sign into law the most radical reform of the US financial sector since the Glass-Steagall Act passed after the Great Depression.
Trump taps 3 Indian-American experts for key admin posts
Rita Baranwal was nominated for the post of Assistant Secretary of Energy (Nuclear Energy), Aditya Bamzai for member of the Privacy and Civil Liberties Oversight Board and Bimal Patel as the assistant secretary of Treasury.
Finance Ministry to set up special group to deal with impact of global crisis
The Finance Ministry today decided to set up a Crisis Management Group (CMG) to deal with the impact of the global problems on the domestic economy.
Taking systemic risk seriously in the financial sphere
By contrast, a growing group of current and former officials continues to express concern about current and potential future risks in the United States, Europe, and globally.
Financial stability council may not dilute RBI's autonomy
Amid concerns within the RBI about it being overshadowed by a super regulator, a government official said the proposed council will not dilute its autonomy.
Govt may not make RBI Governor FSDC's vice-chairman: Sources
The proposed FSDC in India will not breach the autonomy of the regulators, a concern which has been voiced by the RBI.
Fed, others working on overhaul rules: Bernanke
The Federal Reserve is working closely with other regulators to put into effect the most sweeping overhaul of U.S. financial rules since the Great Depression, Fed Chairman Ben Bernanke is telling a Senate panel.
Republicans attempting to undo Wall Street reforms: Barack Obama
Obama has criticised Republicans for launching "an all-out battle" to undo his ambitious Wall Street reform and consumer protection measures to prevent American people from suffering another financial crisis.
No change likely in FSDC role
The government is unlikely to make changes in the mandate of the recently set up Financial Stability and Development Council, despite lingering concern among regulators that the inter-regulatory mechanism will encroach on their autonomy.
Obama focuses on risk of new bubble over recovery woes
President Barack Obama, who took office amid the collapse of the last financial bubble, wants to make sure his economic recovery doesn't generate the next one.
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