January 18, 2011
FSOC Approves Volcker Rule and Concentration Limit Studies
The Financial Stability Oversight Council (FSOC) convened its third meeting today at the U.S. Department of the Treasury and approved a study and recommendations regarding the Volcker Rule; a study and recommendations regarding the concentration limit for large financial firms; a Notice of Proposed Rulemaking (NPR) regarding designations of nonbank financial companies for heightened supervision; and the minutes of the FSOC’s previous meeting, held on November 23, 2010.
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