Date: March 13, 2013
Issue: Financial Stability Oversight Council/Systemic Risk
To: The Honorable Patrick McHenry and the Honorable Al Green
Filing Type: Congressional
Description: In advance of the Subcommittee on Oversight and Investigation’s hearing regarding “Who is Too Big to Fail? GAO’s Assessment of the Financial Stability Oversight Council and the Office of Financial Research” CCMC sent a letter to members that outlines the issues with FSOC and OFR that need to be addressed in order to have effective systemic risk monitoring.