Financial Stability Oversight Council

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  Why the Financial Crisis Can Happen Again: News Analysis

  By Gil Weinreich, AdvisorOne  |  June 22, 2012

  More than four years after the financial crisis began, could it all happen again? Has Wall Street changed its ways? How about Washington?

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  SEC’s Schapiro: Money-Market Funds’ Stable NAV Is a ‘Fiction’

  By Melanie Waddell, AdvisorOne  |  June 21, 2012

  SEC Chairwoman Mary Schapiro reiterated to senators Thursday that further reforms to money-market funds are necessary, saying the funds still “pose a significant risk” to the nation’s economy.

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  SEC’s Plaze Defends Need for Money-Market Fund Reforms

  By Melanie Waddell, AdvisorOne  |  June 19, 2012

  Money-market fund reform “is one of the areas of unfinished businesses” leftover from the 2008 financial crisis, Robert PLaze told mutual fund directors at their annual policy conference.

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  European Concerns Dominate Senate Banking Hearing

  By Marlene Y. Satter, AdvisorOne  |  February 16, 2012

  The Senate Committee on Banking, Housing and Current Affairs heard testimony from three experts on the state of the financial situation in Europe on Thursday, and sought answers to additional questions as members explored how the U.S. might be exposed to the eurozone debt crisis.

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  SEC's Schapiro: More Money Market Reforms Coming

  By Melanie Waddell and Joyce Hanson, AdvisorOne  |  November 7, 2011

  The Securities and Exchange Commission plans to issue a proposed rule on money market funds 'in very short order,' said SEC Chairman Mary Schapiro on Monday, which would reduce the funds’ susceptibility to runs.

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  SEC Adopts Hedge Fund Reporting Rules

  By Melanie Waddell, AdvisorOne  |  October 26, 2011

  The SEC on Wednesday adopted a rule to require advisors to hedge funds and other private funds with at least $150 million in assets to report information for use by the FSOC in monitoring risks to the U.S. financial system.

• Shelby Slams FSOC, Questions Chances of Success

  By John Sullivan, AdvisorOne  |  October 6, 2011

  Sen. Richard Shelby, the ranking Republican on the Senate Committee on Banking, Housing and Urban Affairs, voiced skepticism on Thursday that the Financial Stability Oversight Council would find success.

• Roy Woodall Confirmed for FSOC Post

  By Marlene Y. Satter, AdvisorOne  |  September 28, 2011

  Roy Woodall, nominated for the only voting seat of three on the Financial Stability Oversight Council devoted to insurance experts, was confirmed on Tuesday in the Senate.

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  New Hires Roundup: Senate Banking Panel Approves SEC Nominations; Gregg Goes to The Hartford

  By Marlene Y. Satter, AdvisorOne  |  September 15, 2011

  This week in new hires, the Senate Banking Committee approved several SEC nominations; Michael Gregg was welcomed at The Hartford; Tom Douie rejoined Neuberger Berman; and Carl Steinhilber and Roderick Toppin went to MassMutual.

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  Dodd-Frank Anniversary: Law Costs Agencies Millions, GAO Says

  By Melanie Waddell, AdvisorOne  |  July 18, 2011

  At the one-year anniversary of Dodd-Frank, the GAO has released a list of 11 federal agencies' reported funding and staff resources needed to implement Dodd-Frank until 2012.