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Shadow banking system

RIP FSOC As it Puts Another Nail Into Its Own Coffin, Endangering all Americans

The Financial Stability Oversight Council (FSOC) was an innovation created by Dodd-Frank in response to several clear lessons learned in the 2008 crash.  It was primarily to ensure that

(1) all financial regulators would meet jointly to address cross-jurisdictional financial matters; (2) systemic threats from nonbank would be analyzed and regulated similar to systemic banks to end