ABSTRACT

Financial Stability Oversight Council 2014 Annual Report   [open pdf - 2MB]

Alternate Title: FSOC 2014 Annual Report

"Over the past year, the U.S. financial system continued to recover from the damage sustained during the financial crisis. The regulatory reforms required by the Dodd-Frank Act and contemplated in The Group of Twenty (G-20) agreements moved meaningfully towards completion. Although significant risks remain, financial markets, institutions, and investor confidence showed resilience over the past year amid challenging market conditions, including a period of heightened volatility in fixed income markets, concerns about the U.S. debt ceiling, and pressure on emerging markets (EMs). The regulatory community reached a number of key milestones in financial reform implementation, including finalization of the Volcker Rule, bank capital rules, a supplementary leverage ratio for the largest banks and bank holding companies (BHCs), enhanced prudential standards for the U.S. operations of large foreign banks, and the advent of clearing, trading, and registration requirements for swaps markets. Policy development continued with proposed rulemakings on money market fund (MMF) reform, risk retention for securitizations, and requirements for short-term liquidity coverage for large banking organizations. Also, there have been significant reductions in intraday credit exposures in the tri-party repurchase agreement (repo) market and significant progress on the strategy for resolution under the orderly liquidation authority (OLA). In addition, the Council designated three nonbank financial companies for enhanced prudential standards and supervision by the Federal Reserve."

Publisher:
Date:
2014
Copyright:
Public Domain
Retrieved From:
Department of the Treasury: http://www.treasury.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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