The U.S. Financial Stability Oversight Council discussed interest-rate risk and asset management at a meeting in Washington today, Treasury Department spokeswoman Suzanne Elio said in an e-mailed statement.
The council’s discussion of asset management follows a study by the Office of Financial Research on the industry. Asset managers are among the companies that the council, led by Treasury Secretary Jacob J. Lew, can evaluate to determine whether they need to be supervised by the Federal Reserve.
The council also “received an update on analyses related to interest rate risk,” according to the statement. The FSOC was created by the Dodd-Frank law to coordinate policies among regulators to help avoid another financial crisis.
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