Title 12 — Banks and BankingRelease 119-73
§5373 International policy coordination
Title 12 › Chapter CHAPTER 53— - WALL STREET REFORM AND CONSUMER PROTECTION › Subchapter SUBCHAPTER I— - FINANCIAL STABILITY › Part Part C— - Additional Board of Governors Authority for Certain Nonbank Financial Companies and Bank Holding Companies › § 5373
Summary
The President or a designee may work with other countries to promote rules that limit how big, risky, or connected financial firms are to protect stability. U.S. officials must consult foreign regulators and groups to encourage strong oversight.
Full Legal Text
Title 12, §5373
Banks and Banking — Source: USLM XML via OLRC
(a)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)The 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)The 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.
Reference
Citations & Metadata
Citation
12 U.S.C. § 5373
Title 12 — Banks and Banking
Last Updated
Apr 6, 2026
Release point: 119-73