What is FSOC. >> FSOC is the abbreviation for the Financial Stability Oversight Council. It was a council created in the wake of the financial crisis to make sure the financial system didn't blow up again.It's composed of top regulators. The Treasury Secretary is the chairman. The head of the Federal Reserve is on it.Top financial regulators from the federal and the state level are all part of the group. They're supposed to monitor the financial system. Over the years, what they have generally done is they' ...

Kurt Hohl, who became the securities regulator's chief accountant in July, talks about his plans for oversight. ...

Of course. Let's bring in right now Republican Congressman Mike Turner of Ohio. He's a senior member of the Armed Service Committee.Mr. . Chairman, thank you so much for being with us. Um, >> my lord, there there are so many questions to be answered.I'll just start by asking you what what what are the top one or two questions that you would like answered that Pete Hexith has refused to um to to answer for the Armed Services Committees in the House and Senate. Well, Joe, as you just indicated, I mean, as you ...

Regulatory Landscape - Australia's financial regulator flags broader oversight of crypto [1] - Updated guidance on crypto regulation is expected [1]

The US military struck down a small boat off the coast of Venezuela yesterday that it accuses of trafficking narcotics. All six passengers on board were killed in the strike. This is the administration's fifth deadly strike in the Caribbean since September, killing more than two dozen people.Here is Republican Senator Rand Paul of Kentucky denouncing the strikes last week. When they interdict boats, it's a common thing off the coast of Miami and California. About 25% of the time, the boat that they board do ...

Governmental Structure & Oversight - The U S government has three separate and equal branches: the Legislative (Congress), the Executive, and the Judicial [1] - Congress (Article One) holds the power of the purse and has oversight responsibilities over the agencies it funds, including the Department of Justice (DOJ) [1][2][3] - An oversight hearing involved questioning the Attorney General regarding potential misconduct within the administration [1] Concerns Regarding Executive Branch Actions - Concerns were raised about the Attorney General's lack of transparency and use of "canned insults" instead of answering questions [3] - The Attorney General was questioned about potential discussions with the President regarding the arrest of political enemies [4] - There is worry about the precedent being set for future administrations to target political opponents [5] Political Ramifications - The current actions could have long-term political ramifications [6] - Republicans are perceived as enabling potentially problematic behavior [4][5] - The hearing was considered disrespectful [5]

Tonight, new warnings about the booming med spa industry. Specifically, the risks that come with those popular IV drips that are so so popular with young people. They claim to boost the immune system, help weight loss, or even cure a hangover.But a new study warns the industry operates with virtually no oversight or data backing up its claims. Here to break it down is NBC News medical reporter Erica Edwards. Erica, med spas are a big business with some estimating now it's a $15 billion industry, but this st ...

Regulatory Focus - South Korea's ruling party task force is targeting crypto and stablecoin oversight [1]

Regulatory Landscape - Australia is drafting a law to tighten oversight of digital asset platforms [1] Industry Focus - The focus is on digital asset platforms [1]

Accountability and Oversight - The bedrock of American democracy is the ability to hold politicians accountable, which is currently threatened [1][8] - A key tactic used to avoid accountability is dismissing allegations and investigations as a "witch hunt" [1][2][5][6] - Inspectors General (IGs) are crucial for independent oversight and accountability within government, established to prevent abuses of power [9][10] - IGs conduct investigations based on facts, free from undue influence, to improve government operations [10][11] - Whistleblowers play a vital role in exposing wrongdoing and holding the government accountable [12][13] - Devaluing whistleblowers and accountability mechanisms leads to less transparency and oversight, potentially returning to abuses of power [13][14] Political and Governmental Implications - Dismissing accountability mechanisms undermines public trust in government and its ability to provide services [26][27] - The current political climate shows a disregard for rules, norms, and the law, enabling unchecked power [7][21][22] - Congress's failure to act as a check on the executive branch exacerbates the problem of unchecked power [21][23] - Actions like revoking security clearances based on political disagreements demonstrate abuse of power and harm individuals [31][30]