2014 US Code
Title 12 - Banks and Banking (Sections 1 - 5710)
Chapter 53 - Wall Street Reform and Consumer Protection (Sections 5301 - 5641)
Subchapter I - Financial Stability (Sections 5311 - 5374)
Part C - Additional Board of Governors Authority for Certain Nonbank Financial Companies and Bank Holding Companies (Sections 5361 - 5374)
Sec. 5373 - International policy coordination
| Publication Title | United States Code, 2012 Edition, Supplement 2, Title 12 - BANKS AND BANKING |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 12 - BANKS AND BANKING CHAPTER 53 - WALL STREET REFORM AND CONSUMER PROTECTION SUBCHAPTER I - FINANCIAL STABILITY Part C - Additional Board of Governors Authority for Certain Nonbank Financial Companies and Bank Holding Companies Sec. 5373 - International policy coordination |
| Contains | section 5373 |
| Date | 2014 |
| Laws In Effect As Of Date | January 5, 2015 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 111-203, title I, §175, July 21, 2010, 124 Stat. 1442. |
| Statutes at Large Reference | 124 Stat. 1442 |
| Public and Private Law | Public Law 111-203 |
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The President, or a designee of the President, may coordinate through all available international policy channels, similar policies as those found in United States law relating to limiting the scope, nature, size, scale, concentration, and interconnectedness of financial companies, in order to protect financial stability and the global economy.
(b) By the CouncilThe Chairperson of the Council, in consultation with the other members of the Council, shall regularly consult with the financial regulatory entities and other appropriate organizations of foreign governments or international organizations on matters relating to systemic risk to the international financial system.
(c) By the Board of Governors and the SecretaryThe Board of Governors and the Secretary shall consult with their foreign counterparts and through appropriate multilateral organizations to encourage comprehensive and robust prudential supervision and regulation for all highly leveraged and interconnected financial companies.
(Pub. L. 111–203, title I, §175, July 21, 2010, 124 Stat. 1442.)
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