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Reed & Brown Hail FSOC's Steps to Enhance Oversight of Shadow Banks
November 03, 2023
WASHINGTON, Nov. 3 -- Sen. Sherrod Brown, D-Ohio, issued the following news release:

WASHINGTON, DC -- Today, after the multi-regulator Financial Stability Oversight Council (FSOC) -- a group of the top U.S. financial regulators led by the U.S. Treasury Department -- finalized a framework on financial stability risks and nonbank financial company oversight, U.S. Senator Jack Reed (D-RI), a senior member of the Banking Committee, and U.S. Senator Sherrod Brown (D-OH), Chairman of the . . .

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