From the FSB press release:
To a large extent, the reforms analyzed in this review focus on the need to ensure effective and efficient coordination and information sharing arrangements and to address any overlaps or gaps in the roles and responsibilities of the relevant U.S. agencies, given the complex and fragmented U.S. regulatory and supervisory structure.The peer review found that good progress has been made to establish systemic oversight arrangements. Some recommendations to further enhance its effectiveness included: developing a more systematic, analytical and transparent macroprudential framework for coordinating the work of its member agencies to address systemic risk; providing a more in-depth and holistic analysis of systemic risks to financial stability; and enhancing the role of the OFR.
Good overall progress has been made by the U.S.…
In addition, the FSB noted the U.S. has begun to address the insurance sector. In particular, the Federal Insurance Office was established under the Dodd-Frank Act; the FSOC recently designated an insurance company as systemically important; and information sharing and coordination between state regulators and federal authorities has increased. However, significant additional work is required.