The recently issued annual report of the Financial Stability Oversight Council (“FSOC” or “Council”) indicates that the members continue to review the major unfinished business of financial regulatory reform and ramp up the process by which they determine where to focus their collective efforts going forward. While progress has been slow, the financial industry should monitor the Council’s activities to see where new hot buttons might emerge, and ideally have some input while the efforts continue. These new areas of focus may include: living wills, contingent capital and bail-in debt, LIBOR and information sharing, and tri-party repo.View full memo, "The FSOC’s Annual Report Suggests Potential Paths Forward"
