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FSOC Approves Rule To Designate Nonbank Financial Companies For Enhanced Oversight 

April 4, 2012 –  The Financial Stability Oversight Council (FSOC) voted Tuesday to approve a final rule and interpretive guidance on the Council's authority to require supervision and regulation of certain nonbank financial companies.  With this vote, FSOC will begin a three-stage designations process.  Secretary Geithner, the chairperson of the Council, has indicated that the Council will work to make the first of these designations this year. Read more.

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