The Dodd-Frank Wall Street Reform and Consumer Protection Act
requires the Financial Stability Oversight Council to submit a
report to Congress regarding the implementation of prompt
corrective action (PCA) by the Federal banking agencies. This book
discusses the existing PCA framework and the findings and
recommendations of the Government Accountability Office study. It
also highlights lessons learned from the financial crisis and
outlines actions taken that could affect PCA, as well as additional
steps to modify the PCA framework that could be considered.
General
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