FSOC Criticized by Government Accountability Office, but GAO Report Misses Critical Substantive Improvements; FRB Begins to Identify Prudential Regulation for SIFIs

The U.S. Government Accountability Office just issued a report on the Financial Stability Oversight Council’s (“FSOC”) systemically important financial institution (“SIFI”) designation process, entitled “Further Actions Could Improve the Nonbank…
By: Dechert LLP