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Tom Curry Comments on the Financial Stability Oversight Council in Politico Pro

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10.18.2018 | Media Coverage

Tom Curry, a partner in Nutter’s Corporate and Transactions Department and co-leader of the firm’s Banking and Financial Services group, discussed the Financial Stability Oversight Council (FSOC), a regulator comprised of the heads of all the major financial agencies, in Politico Pro. In the article, “Trump Regulators Set to Close Book on Identifying Next Lehman,” Tom said, "The standard that they thought the designation process required was that you actually had to make some forecast of the likelihood of an institution failing and the negative impact of a designation on the institution and its competitors. That's too high a hurdle."

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