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Letters to Regulators: AFR Education Fund comment on FSOC’s proposed guidance weakening oversight of nonbank systemically important financial institutions
May 14, 2019 – 10:11 am

On May 13, 2019, Americans for Financial Reform Education Fund sent a letter to the Financial Stability Oversight Council warning about the dangers of weakening oversight of nonbank financial firms even if such a firm could impose a threat to financial stability.

News Release: Regulators were wrong to remove Prudential Financial from list of systemically important financial companies
October 17, 2018 – 10:22 pm

The Financial Stability Oversight Council (FSOC) announced that it has reversed its designation of Prudential Financial, Inc. as a systemically important financial institution (SIFI). The Council, under the leadership of Secretary Mnuchin, has now freed from Federal Reserve consolidated oversight the last of the four previously designated nonbank SIFIs.

AFR Statement: AFR Statement on Metlife Decision
March 30, 2016 – 3:36 pm

“We are disappointed that a single Federal district court judge has overturned the decision of the Financial Stability Oversight Council (FSOC), which voted 9-1 to designate Metlife for additional Federal Reserve oversight. “