FSOC should aim to identify vulnerabilities that could lead to systemic crises and encourage the private sector to mitigate those risks before recommending additional regulation. FSOC should also work with its members to support efforts to avoid or pare back existing regulations that stifles pro growth lending, capital formation and innovation. And the best way to achieve these goals is by centering economic growth and economic security. At the heart of FSOC's agenda. Promoting economic growth and economic security is essential to ensuring financial stability. (07:33–07:45)
CLAIM
Asserts that FSOC should support efforts to reduce regulations hindering growth, lending, and innovation.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
