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On November 29, 2016, Antonio Weiss, Counselor to the US Treasury Secretary, argued that the FSOC has become a "critical nerve center during episodes of market volatility or stress,"
On November 29, 2016, Antonio Weiss, Counselor to the US
Treasury Secretary, argued that the FSOC has become a
"critical nerve center during episodes of market volatility or
stress," providing a forum to assess system-wide risks, which
was missing during the financial crisis. In the speech, Weiss
stated that the establishment of FSOC has improved the ability of
regulators to share information and collaborate in a way that no
single regulator can do on its own.
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