By Nick Paraskeva, Compliance Complete contributing author
NEW YORK, Sept 3. (Thomson Reuters Accelus) – A Financial Stability Board (FSB) peer review of U.S. regulation found gaps in oversight of systemic risk, insurance firms and financial infrastructure.
The report called on the United States to develop the Treasury-led oversight council into a “systematic, analytical and transparent macroprudential framework” that better coordinates the work of its member regulators. The 10 agency heads in Financial Stability Oversight Council have not always seen eye to eye. (more…)