For example, U.S. regulatory authorities have adopted rules that allow use of the countercyclical capital buffer, but other time-varying tools are limited in the United States. This issue is discussed in, for example, Stanley Fischer (2015), “Macroprudential Policy in the U.S. Economy,” speech delivered at “Macroprudential Monetary Policy,” 59th Economic Conference of the Federal Reserve Bank of Boston, Boston, October 2.
14 For example, the FSOC contributed, through its identification process, to the development of the Securities and  Exchange Commission reforms affecting money market funds. The FSOC has also designated four firms as systemically important—AIG, GE Capital, Prudential, and MetLife.