Washington, D.C. — BPI Executive Vice President and General Counsel John Court issued the following statement in response to new guidance issued by the Financial Stability Oversight Council related to the financial stability risks of non-banks.
As U.S. bank regulators look to squeeze more and more risk out of the banking sector by imposing higher and higher capital requirements, it’s only natural for U.S. officials to worry about where that risk is going, how it’s being managed and whether there’s any decent oversight. And it’s an acute worry given that the government’s safety net has been extended to shadow bank firms in recent crises.
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