▁market ▁util ities . ▁For ▁historical ▁background ▁see ▁Sub prime ▁mort g age ▁crisis ▁solutions ▁debate # Arguments ▁for ▁a ▁system ic ▁risk ▁reg ulator ▁ ▁Regarding ▁which ▁entities ▁will ▁be ▁so ▁designated ▁the ▁D odd - Fran k ▁Act ▁of ▁ 2 0 1 0 ▁contains ▁the ▁following ▁in ▁T IT LE ▁I — F IN AN CI AL ▁ST AB IL ITY , ▁Sub title ▁A — Fin an cial ▁St ability ▁O vers ight ▁Council , ▁Sec . ▁ 1 1 3 . ▁Author ity ▁to ▁require ▁super vision ▁and ▁reg ulation ▁of ▁certain ▁non bank ▁financial ▁companies ▁( 2 ) ▁consider ations : ▁ ▁the ▁extent ▁of ▁the ▁le verage ▁of ▁the ▁company ; ▁ ▁the ▁extent ▁and ▁nature ▁of ▁the ▁off - bal ance - sheet ▁expos ures ▁of ▁the ▁company ; ▁ ▁the ▁extent ▁and ▁nature ▁of ▁the ▁transactions ▁and ▁relationships ▁of ▁the ▁company ▁with ▁other ▁significant ▁non bank ▁financial ▁companies ▁and ▁significant ▁bank ▁holding ▁companies ; ▁ ▁the ▁importance ▁of ▁the ▁company ▁as ▁a ▁source ▁of ▁credit ▁for ▁households , ▁business es , ▁and ▁State ▁and ▁local ▁govern ments ▁and ▁as ▁a ▁source ▁of ▁liquid ity ▁for ▁the ▁United ▁States ▁financial ▁system ; ▁ ▁the ▁importance ▁of ▁the ▁company ▁as ▁a ▁source ▁of ▁credit ▁for ▁low - in come , ▁minor ity , ▁or ▁unders erved ▁communities , ▁and ▁the ▁impact ▁that ▁the ▁failure ▁of ▁such ▁company ▁would ▁have ▁on ▁the ▁avail ability ▁of ▁credit ▁in ▁such ▁communities ; ▁ ▁the ▁extent ▁to ▁which ▁assets ▁are