Few Trees to be Found in a Forest of FSOC Reports | White & Case LLP International Law Firm, Global Law Practice
Few Trees to be Found in a Forest of FSOC Reports

Few Trees to be Found in a Forest of FSOC Reports

The Financial Stability Oversight Council released studies and proposals on items such as the implementation of the Volcker Rule and the identification of systemically important nonbanks.

"The proposed regulation sets the stage for action. The proposal moves the ball down the field but does not provide us with much insight as to what firms will be caught in the systemic net," said Ernest Patrikis, a partner at White & Case LLP.