Will FSOC Be a Priority for Treasury Pick Jack Lew?
American Banker (subscription required)
Cornelius Hurley, School of Law, Center for Finance, Law & Policy
Treasury Secretary Tim Geithner was clearly dedicated to making the Financial Stability Oversight Council work, despite doubts the group of financial regulators would prove unwieldy and ineffective…
“How he handles FSOC and other things will be signaled by his confirmation hearings. That’s why I’m hopeful when asked the questions in his confirmation hearings, he doesn’t spout the party line that Dodd-Frank fixes ‘too big to fail’ and the CFPB has to have one head. That’s not helpful.”