On the recordJanuary 9, 2024
We must instill transparency and accountability. We must protect American innovation from the political whims of unelected bureaucrats.
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congress.govWe must instill transparency and accountability. We must protect American innovation from the political whims of unelected bureaucrats.
Foster emphasizes the need for transparency and accountability in financial oversight.
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FSOC's comprehensive view of the financial system is critical because systemic risks rarely develop in ways that fall entirely within the jurisdiction of a single agency.
I think the two most significant recent uses of this are the COVID epidemic, and also, the recent AI Executive Order.
If we need an example of why oversight of nonbank financial firms is essential, we can look at China today.