by Peter J. Wallison
American Enterprise Institute
August 12, 2014
The Financial Stability Oversight Council’s decision to pull back from the designation of asset managers as Systemically Important Financial Institutions may be temporary or it may end what was shaping up as a serious threat to the U.S. capital markets. Those in Congress who let the FSOC know of their objections deserve the thanks of everyone who understands the value of the free U.S. capital markets, but the threat isn’t over until the FSB gives up.

Heritage FoundationInsiderOnline is a product of The Heritage Foundation.
214 Massachusetts Avenue NE | Washington DC 20002-4999
ph 202.546.4400 | fax 202.546.8328
© 1995 - 2015 The Heritage Foundation