Good News for U.S. Capital Markets

The Financial Stability Oversight Council’s decision to pull back from the designation of asset managers as Systemically Important Financial Institutions may be temporary or it may end what was shaping up as a serious threat to the U.S. capital markets. Those in Congress who let the FSOC know of their objections deserve the thanks of everyone who understands the value of the free U.S. capital markets, but the threat isn’t over until the FSB gives up.

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