Established in 2010 under the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Financial Stability Oversight Council provides comprehensive monitoring of the stability of our nation's financial system. Information on recent or upcoming Council meetings can be found on the Council Meetings page.

Before the crisis, U.S. financial regulation focused narrowly on individual institutions and markets, which allowed supervisory gaps to grow and regulatory inconsistencies to emerge—in turn, allowing arbitrage and weakened standards.

On November 3, 2023, the Council approved updates to its interpretive guidance regarding nonbank financial company designations. The Council has also issued rules regarding its authority to make nonbank financial company designations.

The Financial Stability Oversight Council (FSOC) is a United States federal government organization, established by Title I of the Dodd–Frank Wall Street Reform and Consumer Protection Act, which was signed into law by President Barack Obama on July 21, 2010. [1] The Office of Financial Research is intended to provide support to the council.. The Dodd-Frank Act provides the Council with ...

Feb 12, 2018 · Disclaimer: These documents were prepared by the Congressional Research Service (CRS). CRS serves as nonpartisan shared staff to congressional committees and Members of Congress.

Sep 14, 2023 · In 2010, the Dodd-Frank Act established the Financial Stability Oversight Council to help identify and respond to emerging threats to the U.S. financial system. Recent bank failures demonstrate the importance of responding to risks before they harm the system.

Feb 12, 2018 · The FSOC is a collaborative body that brings together the expertise of federal financial regulators, a presidentially appointed independent insurance expert, and representatives of state financial regulators.

Aug 31, 2021 · The FSOC is responsible for monitoring any risks to the US financial sector associated with large banks or financial holding companies that helped to derail the economy during the Great Recession.

Mar 6, 2025 · U.S. Treasury Secretary Scott Bessent on Thursday strongly defended the Trump administration's campaign to tear up global trade norms with tariffs and vowed to roll back regulations on American ...

Superintendent Harris is the first New York State representative to serve on the Financial Stability Oversight Council (FSOC) and also serves on the Board of the Conference of State Bank Supervisors (CSBS). Superintendent Harris is a frequent speaker at …