FSOC | Better Markets

Trump’s FSOC Priorities Risks Financial Crashes, Needless Pain on Main Street, and Taxpayer Bailouts

WASHINGTON, D.C. – Dennis M. Kelleher, Cofounder, President and CEO, issued the following statement in connection with the closed-door meeting of the Financial Stability Oversight Council (Stability Council) taking place tomorrow: “The Financial Stability Oversight Council (Stability Council) is one of the most important, if low profile, financial regulatory agencies charged with protecting the country from […]

Better Markets Releases Report on the Dangers of the Unregulated Shadow Banking Sector

WASHINGTON, D.C.— Phillip Basil, Director of Banking Policy at Better Markets, issued the following statement around today’s release of Better Markets report on the shadow banking sector: “Nonbank financial institutions that make up the largely unregulated shadow banking sector pose serious risks to the U.S. financial system that exacerbate the deterioration of financial stability in […]