03/03/2010
https://www.congress.gov...
"The Council has the authority to designate a nonbank institution as 'systemically important' and subject it to enhanced prudential standards and regulation by the Federal Reserve."
"I urge you to continue that advocacy in international negotiations to preserve our regulators' authority."
"I believe that FSOC has a heightened duty to be as transparent and judicious as possible."
"I asked him if he would oppose a statutory process to allow a firm working with the Council to avoid the designation before the designation was made final."