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Financial Services Law Insights and Observations

Treasury Announces FSOC Executive Session on July 28

Federal Issues Agency Rule-Making & Guidance FSOC Department of Treasury Volcker Rule Nonbank Supervision

Federal Issues

On July 21, the Treasury Department announced that on Friday, July 28, Secretary Steven T. Mnuchin will preside over an executive session of the Financial Stability Oversight Council (FSOC). According to a Treasury press release, the preliminary agenda includes:

  • a discussion about Volcker Rule recommendations presented in the Treasury’s June 2017 report, “A Financial System That Creates Economic Opportunities: Banks and Credit Unions”;
  • an update on annual reevaluation requirements for designating nonbank financial companies; and
  • a discussion regarding pending litigation brought against FSOC.

Consistent with FSOC’s transparency policy, the meeting may be made available via live webcast and can be viewed after it occurs. Meeting minutes for the most recent FSOC meetings are generally approved at the next meeting and posted online soon afterwards.

Meeting minutes for past meetings are available here.

Readouts for past meetings are available here.

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