First, section 113 of the Dodd-Frank Act gave the newly created Financial Stability Oversight Council (FSOC) authority to subject nonbank-affiliated financial firms to prudential standards and consolidated supervision if the FSOC determines that they could pose a threat to the financial stability of the United States.
The significant global drop in severe cases and confirmed deaths can be regarded as a positive sign. The number of new cases in Japan is seeing great improvement, as evidenced by the weekly average declining to a considerable extent recently after soaring well above 22,000 persons in mid-August.