1.3.2: Nonbank Financial Companies

Enhance our staff's technical expertise to ensure that we can meet new reporting requirements related to nonbank financial companies.

Other Information:

Supervision of failed nonbank financial companies designated as systemically important. Section 211(f) of the Dodd-Frank Act requires that the OIG review the Board's supervision of any nonbank financial company designated as systemically important that is placed into receivership. The OIG is also required to produce a report that evaluates the effectiveness of the Board's supervision, identifies any acts or omissions by the Board that contributed to or could have prevented the company's receivership status, and recommends appropriate administrative or legislative action. We will continue to enhance our staff's technical expertise to ensure that we can meet these new reporting requirements.

Stakeholder(s):

• Nonbank Financial Companies

Indicator(s):

Indicator:1

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