Placed on the Union Calendar, Calendar No. 316.
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The 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act, P.L. 111-203), a wide-ranging financial reform bill, created the Financial Stability Oversight Council (FSOC) and the Office of Financial Research (OFR) in response to the 2008 financial crisis. Some observers contended that gaps and s…
Nonbank financial intermediation (NBFI)—sometimes known as “shadow banking”—generally refers to funding sources outside the banking system. NBFI has been an area of policy contention because of its size, importance, and complexity. Total financial assets at nonbank financial intermediaries (NBFIs) are more than 2.5 ti…
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