§ 5373. International policy coordination

157 words·~1 min read·/usc/title-12/section-5373

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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.

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

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Public Law 111–203
To promote the financial stability of the United States by improving accountability and transparency in the financial system, to end “too big to fail”, to protect the American taxpayer by ending bailouts, to protect consumers from abusive financial services practices, and for other purposes

statute-compilations

Sec. 175
INTERNATIONAL POLICY COORDINATION

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Pub. L. 111–203, title I, § 175
124 Stat. 1442

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§ 5373

International policy coordination

Stat. Comp.×1

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Pub. L.Pub. L. 111–203, title I, § 175

Stat.124 Stat. 1442

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