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Reg rageJanuary 2 2020

Is the FSOC underestimating risks to US financial stability?

Mortgage origination and cyber attacks are among the top concerns of the US Financial Stability Oversight Council but, surprisingly, the rapid growth in collateralised loan obligations is not seen as one of them. By Justin Pugsley.
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What is happening?

During a congressional hearing on financial stability, Steven Mnuchin, secretary of the US Treasury, spoke about the rapid increase in non-bank mortgage origination as one of his top concerns for financial stability.

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