: Yellen proposes tougher rules on nonbanks that could ‘threaten the financial system’

by | Apr 21, 2023 | Stock Market

A council of U.S. financial regulators voted Friday to propose new rules that would overturn Trump-era regulations that eased oversight of nonbank companies that could pose a threat to financial stability. The Financial Stability Oversight Council, composed of the heads of top U.S. financial regulators and chaired by U.S. Treasury Secretary Janet Yellen, took the first step in issuing new guidance on how the group would decide which companies are systemically important to the U.S. economy and therefore subject to enhanced…

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