Under the Dodd Frank Act Question 60 options: Congress gave the Financial Stability Oversight Council (FSOC)...

Under the Dodd Frank Act

Question 60 options:

	Congress gave the Financial Stability Oversight Council (FSOC) in which the Fed is made a member of authority to increase capital requirements at systematically important financial firms.
	Congress gave the Financial Stability Oversight Council (FSOC) in which the Fed is not made a member of authority to increase capital requirements at systematically important financial firms.
	Congress gave the Financial Stability Oversight Council (FSOC) in which the Fed is made a member of authority to lower capital requirements at systematically important financial firms.
	Non of the answers are correct

Expert Solution

Answer ) Option A

EXPLANATION

Option a) is correct since Dodd–Frank Wall Street Reform and Consumer Protection Act , referred to as Dodd–Frank is a United States of America's Federal law , enacted on July 21, 2010 in the aftermath of Great Recession. The Act gave FSOC in which the Federal Reserve is a member of authority to increase the capital requirements for financial companies deemed to be systemic.

Option b) is incorrect since Fed is a member of authority under the Financial Stability Oversight Council which this option does not state.

Option c) is incorrect because the motive of Dodd - Frank Act was not to lower the capital requirements and to increase the capital requirements for financial companies deemed to be systemic.

Option d) is incorrect since Option a) is correct and this option becomes invalid.

jeff jeffy answered 2 years ago

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