The New Regulatory Framework For Designating 'Systemically Important Financial Institutions' And Its Application To Private Equity Firms And Funds

July 2012
Banking & Financial Services Policy Report
The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (the "Dodd-Frank Act") established a council of regulators, the Financial Stability Oversight Council (FSOC), and charged it with identifying and monitoring risks to the stability of the US financial system, including risks that might be presented by the failure or financial distress of non-banking financial institutions.