FSOC Pressures SEC, But All's Fair In Love And Regulation

Law360, New York (February 26, 2013, 5:45 PM EST) -- A simmering power struggle boiled over last week when a top U.S. Securities and Exchange Commission official blasted the Financial Stability Oversight Council for meddling in key regulatory initiatives, but experts say the council is right to put the agency on the hot seat.

In remarks at the Practising Law Institute's "SEC Speaks" conference Friday, Republican Commissioner Daniel Gallagher sharply criticized the recent actions of FSOC, a panel of financial regulators created by the 2010 Dodd-Frank Act and led by outgoing Treasury Secretary Timothy Geithner....
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