FSOC meeting announced

This story appeared in Bank Digest.                                     

Treasury Secretary Steven T. Mnuchin will preside over an executive (closed) session of the Financial Stability Oversight Council at the Treasury Department on Thursday, April 12, 2018. According to Treasury, the preliminary agenda includes a discussion of potential amendments to the FSOC's bylaws; a discussion of potential amendments to the Council's interpretive guidance regarding nonbank financial company designations; a discussion of a potential application to the FSOC from a bank holding company or its successor under Section 117 of the Dodd-Frank Act; and an update on the annual reevaluation of the designation of a nonbank financial company.