Securities and Exchange Commissioner Michael Piwowar slammed both the Federal Reserve and the Financial Stability Oversight Council (FSOC) in a speech at the American Enterprise Institute conference in Washington, D.C., on Tuesday, vowing to push back against their increasing encroachment into the SEC’s turf, Reuters reports.
Piwowar said that FSOC—a panel of regulators created under the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act—has “gained notoriety for, among other things, being unaccountable and nontransparent.” The panel is chaired by Treasury Secretary Jack Lew.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
