In the Subcommittee hearing that Senator Warner and I held last year, the witnesses agreed that FSOC needed to provide actionable guidance to designated systemically important financial institutions on how they could derisk and ultimately shed their designation label, what has been referred to as an 'off ramp.'
Mike Crapo: “In the Subcommittee hearing that Senator Warner and I held last year, the witnesses agreed that FSOC needed to provide…”
Editor's note · Context
Crapo discusses the need for FSOC to guide financial institutions on risk management.
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