Financial Stability Oversight Council

Chairman Gary Gensler

I support the notice of proposed rulemaking on the Authority to Designate Financial Market Utilities as Systemically Important. It is an important step in fulfilling the requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act to ensure that there is robust oversight and risk management of financial market utilities, including clearinghouses.

FSOC Approves Volcker Rule and Concentration Limit Studies, Issues Proposed Rule on Designations of Nonbank Financial Firms for Heightened Supervision

Chairman Gary Gensler

An Important Milestone Reached in Implementing the Dodd-Frank Wall Street Reform and Consumer Protection Act