In the fall of 2008, the U.S. economy faced a financial crisis that undermined the stability of the country’s financial system with wide ranging effects, including a dramatic reduction in the availability of short-term financing needed to fuel the country’s economy. In response to the crisis, the U.S. Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act ( “Dodd-Frank”) in 2010, calling on the Securities and Exchange Commission (the “SEC”) and other U.S. financial regulators to work together to address reforms aimed at regulating systemic risks that could continue to threaten the country’s financial system.