FSOC announces executive meeting

This story appeared in Bank Digest.                                   

On Wednesday, September 4, Secretary Steven T. Mnuchin will preside over an executive session of the Financial Stability Oversight Council at the Treasury Department. The preliminary agenda includes proposed amendments to the Council's interpretive guidance on nonbank financial company designations, the Council's 2019 annual report, consideration of the Council's fiscal year 2020 budget, a presentation on nonbank mortgage origination and servicing, and a presentation on alternative reference rates.