In Ignites and Fund Board Views, Investment Management Counsel Discusses the Future of FSOC and the Derivatives Rule Under a New President and New SEC Chair
A subsequent Ignites article published on Nov. 23, examines the future of The Financial Stability Oversight Council (FSOC) under the Trump administration. “A full repeal of the FSOC may be unlikely given that legislative overhauls of that type are rife with obstacles, even with one party ruling both houses of Congress,” stated Mr. Tittsworth in the piece. However, Mr. Tittsworth continued, the council … will almost undoubtedly change in approach. “Even if you don’t have any new legislation at all, Trump’s appointments will definitely reshape FSOC,” Mr. Tittsworth outlined, also noting the potential impact of the Financial Choice Act, which passed the House Financial Services Committee earlier in the year.