Continuing success of FSOC depends on new Treasury secretary

02/5/2013 | AmericanBanker.com (free registration)

As Treasury secretary, Timothy Geithner made the Financial Stability Oversight Council a priority, but it remains to be seen whether Jack Lew, Mr. Geithner's nominated successor, will be as dedicated to making the council work. "It is very much an open question of how attentive he will be with FSOC, whether he will delegate a greater responsibility to his staff or to the deputy Treasury secretary," said Satish Kini, co-chair of Debevoise & Plimpton. "I think we will probably see Secretary Lew less involved in some of the details it appears that Secretary Geithner was."

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