On July 28, 2017, the Financial Stability Oversight Council will meet to discuss (i) U.S. Treasury Department recommendations regarding the Volcker Rule (see also " Regulatory Agencies to Review Volcker Rule Provisions for Foreign Funds"), (ii) a report on the annual reevaluation of the designation of a nonbank financial company, and (iii) pending litigation by MetLife challenging its "systemically important" designation.
The meeting will be held in closed session.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.