Amid the uncertainty of timing, Trump’s appointments will have a major impact on the future of the post-crisis financial regulatory structure.
Although they only cover a portion of the concerns about the FSOC, the proposed changes appear to be important steps in the right direction.
BPC’s Financial Regulatory Reform Initiative commends the Financial Stability Oversight Council (FSOC) for enhancing the quality of its minutes released yesterday, and encourages it to take further steps to increase transparency. BPC has previously called on FSOC to enhance the quality of its minutes and these actions are a significant first step toward meeting that goal.
On May 7, the Financial Stability Oversight Council (FSOC) will meet in open session to consider ways to increase its transparency. We applaud the FSOC for focusing on this important issue. Boosting the Council’s transparency would be an important step in increasing its effectiveness.