Financial Stability Oversignt Council Reform Agenda
The Dodd-Frank Wall Street Reform and Consumer Protection Act created the FSOC to monitor and mitigate threats to the U.S. financial system, and to address conflicts within the regulatory system. The Chamber’s proposals include 14 reforms designed to:
- Strengthen Evidence-Based Analysis
- Modify FSOC’s Structure to Improve Effectiveness
- Address Unfilled Responsibilities: Regulatory Efficiency
- Reform the Systemic Risk Designation Process: Enhance Due Process
The “Fix, Add, Replace (FAR) Agenda” outlines the Center’s priorities for meaningful financial regulatory reform and aims to examine and answer some basic questions:
- Are there areas where Dodd-Frank simply isn’t working as intended or where regulators need further clarity from Congress? How do we fix these?
- What additional steps should we take in areas that were left unaddressed in Dodd-Frank? For example, should we consolidate regulators or at a minimum ensure more effective coordination among the dozens of financial regulators?
- Are there provisions of Dodd-Frank that simply don’t work and need to be replaced?
Survey: How Main Street Businesses Use Financial Services
As part of the 7th Annual Capital Markets Summit, CCMC released data detailing how non-financials use the capital markets. We interviewed and surveyed more than 200 corporate treasurers and CFOs. Key-Findings:
- Choice & Diversity Are Paramount
- Choice + Diversity = Flexibility
- Ineffective Regulations = Reduced Choices And Increased Costs
- As A Result, Main Street Businesses Tend To Favor Trends & Policies That Preserve Choice