12 U.S.C. § 5373 — International policy coordination

FEDERAL · 12 U.S.C. · Chapter SUBCHAPTER I—FINANCIAL STABILITY

International policy coordination

12 U.S.C. § 5373

ChapterSUBCHAPTER I—FINANCIAL STABILITY

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This text of 12 U.S.C. § 5373 (International policy coordination) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

12 U.S.C. § 5373.

Text

(a)By the President The President, or a designee of the President, may coordinate through all available international policy channels, similar policies as those found in United States law relating to limiting the scope, nature, size, scale, concentration, and interconnectedness of financial companies, in order to protect financial stability and the global economy.

(b)By the Council The Chairperson of the Council, in consultation with the other members of the Council, shall regularly consult with the financial regulatory entities and other appropriate organizations of foreign governments or international organizations on matters relating to systemic risk to the international financial system.

(c)By the Board of Governors and the Secretary The Board of Governors and the Secretary shall co

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(a) By the President
The President, or a designee of the President, may coordinate through all available international policy channels, similar policies as those found in United States law relating to limiting the scope, nature, size, scale, concentration, and interconnectedness of financial companies, in order to protect financial stability and the global economy.
(b) By the Council
The Chairperson of the Council, in consultation with the other members of the Council, shall regularly consult with the financial regulatory entities and other appropriate organizations of foreign governments or international organizations on matters relating to systemic risk to the international financial system.
(c) By the Board of Governors and the Secretary
The Board of Governors and the Secretary shall consult with their foreign counterparts and through appropriate multilateral organizations to encourage comprehensive and robust prudential supervision and regulation for all highly leveraged and interconnected financial companies.

Source Credit

History

(Pub. L. 111–203, title I, §175, July 21, 2010, 124 Stat. 1442.)

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Bluebook (online)

12 U.S.C. § 5373, Counsel Stack Legal Research, https://law.counselstack.com/usc/12/5373.