6 out of 17 commenters to the Federal Reserve Board (FRB) on its proposed rules for QFCs of GSIBs express concern that the FRB is treading on legislative terrain or otherwise acting outside of its authority.1
1 See comments filed in response to Federal Reserve Board’s Proposed Rule entitled Restrictions on Qualified Financial Contracts of Systemically Important U.S. Banking Organizations and the U.S. Operations of Systemically Important Foreign Banking Organizations; Revisions to the Definition of Qualifying Master Netting Agreement and Related Definitions, 81 Fed. Reg. 29190 (May 11, 2016).
(2016 Aug 15, 8-52 PM) update: its 8 out 20 now.