FSOC – Government Hearings

  • 2011 1006 – GOV (Senate) – Financial Stability Oversight Council Report, Tim Johnson (D-SD)
  • – GOV (House) – The Impact of the Dodd-Frank Act: What it Means to be a Systemically Important Financial Institution, (CSPAN) – Designation of Systemically Significant Financial Institutions, Shelley Moore Capito (R-WV) 
    • [PDF-121p,  VIDEO-CSPAN]
    • Government Panel
    • Economists Panel
    • House – Committee on Financial Services – Subcommittee on Financial Institutions and Consumer Credit
  • 2012 0725 – GOV (House) – The Annual Report of The Financial Stability Oversight Council, Spencer Bachus (R-AL)
  • 2015 0325 – GOV (Senate) – FSOC Accountability Nonbank Designations, Richard Shelby (R-AL)  —  [BonkNote]
    • [PDF-165p,  VIDEO-CSPAN -todo]
    • (p34) – Chairman SHELBY. Mr. Hughes, insurance products-you know this well-especially long-term insurance contracts such as life insurance, face a much different probability for runs and, thus, failure than one would typically fear with banks.
      • We have heard concerns that FSOC’s designation process treats these insurance contracts similar to bank assets, but they are different.
      • Would you discuss the likelihood of a so-called run on insurance products such as life insurance and what such a run would have to look like in order to cause systemic risk? 
    • (p78) – Prepared Statement of Gary E. Hughes – Executive Vice President and General Counsel, American Council of Life Insurers – March 25, 2015
    • (p127) – Roy Woodall and John Huff dissents on Prudential 
    • (p140) – Roy Woodall and Adam Hamm dissents on MetLife
    • Senate – Banking, Housing, and Urban Affairs Committee
  • 2015 0430 – GOV (Senate) – Examining Insurance Capital Rules and FSOC Process, Mike Crapo (R-ID)  —  [BonkNote]
    • Examining the Federal Reserve’s Implementation of the Collins Amendment to Tailor Capital Rules for Insurers on FSOC’s Designation Process for Nonbank SIFIs and for International Capital Developments for Insurers
    • Daniel Schwarcz
    • ACLI – Robert M. Falzon – 15p
    • Senate – Banking, Housing, and Urban Affairs Committee – Securities, Insurance, and Investment
  • 2015 0722 – GOV (Senate) – Oversight of the Financial Stability Oversight Council Designation Process, Richard Shelby (R-AL)  —-  [BonkNote]
  • 2015 1119 – GOV (House) – Oversight of the Financial Stability Oversight Council: Due Process And Transparency in Non-Bank SIFI Designations, Sean Duffy (R-WI) – [PDF-179p, VIDEO-YouTube] 
  • 2015 1208 – GOV (House) – Oversight of the Financial Stability Oversight Council, Jeb Hensarling (R-TX)  —  [BonkNote] 
    • Derivatives 
  • 2016 0922 – GOV (House) – Financial Stability Oversight Council 2015 Report, Jeb Hensarling (R-TX)
    • [PDF-99p, VIDEO-CSPAN-02:39:41]
    • 2:29:00 – Bruce Poliquin, Taxing Retirement Savings –
      • Lew – What proposal are you talking about?
      • [Bonk: Inside Buildup??]