Title 12 — Banks and BankingRelease 119-73not60

§5373 International Policy Coordination

Title 12 › 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 › § 5373

Last updated Apr 3, 2026|Official source

Summary

The President, or someone the President names, can work with other countries and international groups to promote rules like U.S. laws that limit how big, risky, or connected financial companies are to protect financial stability and the global economy. The Chairperson of the Council must regularly talk with foreign regulators and international groups about risks to the world financial system, and the Board of Governors and the Secretary must work with their foreign counterparts and multilateral organizations to encourage strong oversight and rules for highly leveraged and interconnected financial companies.

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 3, 2026

Release point: 119-73not60