FSOC Annual Report

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Explore:  Dodd-Frank FSOC

On April 30, the FSOC released its 2013 annual report required pursuant to the Dodd-Frank Act. The report focuses on seven key themes: (i) vulnerability to runs in wholesale funding markets that can lead to destabilizing fire sales; (ii) the reliance of the housing finance system on government and agency guarantees; (iii) operational risks; (iv) reliance on reference interest rates, including LIBOR; (v) resilience to interest rate risk; (vi) long-term fiscal imbalances; and (vii) U.S. sensitivity to possible adverse developments in foreign countries. FSOC Report.

Topics:  Dodd-Frank, FSOC

Published In: Finance & Banking Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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