Sentences with phrase «financial oversight power»

Not exact matches

The legislation would also strip power from the Financial Stability Oversight Council, an interagency agency group now led by Mnuchin, to label financial firms that are not banks, such as Metlife, «too big to fail» and subject them to tougher regulatory oFinancial Stability Oversight Council, an interagency agency group now led by Mnuchin, to label financial firms that are not banks, such as Metlife, «too big to fail» and subject them to tougher regulatory ofinancial firms that are not banks, such as Metlife, «too big to fail» and subject them to tougher regulatory oversight.

Under the 2010 Dodd - Frank Act, which toughened financial regulations in an effort to avoid a repeat of the 2008 crisis, the oversight panel had the power to designate non-bank institutions such as AIG as systemically important financial institutions, meaning that their failure could pose a risk to the entire financial system.

The market's faith in the Chinese financial industry is being weighed and the headlines point to a merger of the China Banking Regulatory Commission and the China Insurance Regulatory Commission, with some of their current powers — such as financial regulations and prudential oversight — passed on to the People's Bank of China.

After weeks in which state Comptroller Tom DiNapoli has needled Cuomo about his 2011 efforts to reduce the comptroller's oversight powers, the governor's Department of Financial Services issued a 20 - page report blasting DiNapoli's management of the state's $ 178.6 billion Common Retirement Fund.

Consequently, the ASBCS needs to be empowered to take on a stronger oversight role when charters such as Discovery Creemos Academy show signs of significant financial difficulty instead of having no power to close a school for financial reasons and ending up renewing its charter authorization for 20 years a mere seven months before it collapsed.

2) To reduce the number of fraudulent claims in Ontario's auto insurance industry and thereby protect the public from unduly high insurance premiums, the Financial Services Commission of Ontario (FSCO) should use its regulatory and oversight powers to: