Financial Stability Oversight Council
E20098
The Financial Stability Oversight Council is a U.S. government body that monitors and addresses systemic risks to the nation’s financial system, coordinating oversight among federal and state financial regulators.
All labels observed (2)
| Label | Occurrences |
|---|---|
| Financial Stability Oversight Council canonical | 9 |
| Financial Stability Oversight Board | 1 |
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
U.S. government council
ⓘ
financial regulatory body ⓘ |
| abbreviation | FSOC ⓘ |
| canRecommend |
more stringent prudential standards for certain financial institutions
ⓘ
regulatory actions to member agencies ⓘ |
| chairperson |
Secretary of the Treasury
ⓘ
surface form:
Secretary of the Treasury of the United States
|
| coordinatesWith |
federal financial regulators
ⓘ
state financial regulators ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| createdInResponseTo | 2007–2008 financial crisis ⓘ |
| currentChairTitle |
Secretary of the Treasury
ⓘ
surface form:
United States Secretary of the Treasury
|
| dateFounded | 2010 ⓘ |
| establishedBy | Dodd–Frank Wall Street Reform and Consumer Protection Act ⓘ |
| hasStatutoryAuthority |
designate financial market utilities as systemically important
ⓘ
designate nonbank financial companies for enhanced supervision ⓘ |
| headquartersLocation | Washington, D.C. ⓘ |
| includesMember |
Chair of the Federal Reserve
ⓘ
surface form:
Chair of the Board of Governors of the Federal Reserve System
Chairman of the Commodity Futures Trading Commission ⓘ Chairman of the Federal Deposit Insurance Corporation ⓘ Chairman of the National Credit Union Administration Board ⓘ Chairman of the Securities and Exchange Commission ⓘ Office of the Comptroller of the Currency ⓘ
surface form:
Comptroller of the Currency
Director of the Consumer Financial Protection Bureau ⓘ Director of the Federal Housing Finance Agency ⓘ Secretary of the Treasury ⓘ
surface form:
Secretary of the Treasury of the United States
an independent member with insurance expertise appointed by the President ⓘ |
| includesNonvotingMember |
Director of the Federal Insurance Office
ⓘ
Director of the Office of Financial Research ⓘ a state banking supervisor representative ⓘ a state insurance commissioner representative ⓘ a state securities commissioner representative ⓘ |
| issues | annual report on financial stability ⓘ |
| jurisdiction | United States financial system ⓘ |
| legalBasis |
Dodd–Frank Wall Street Reform and Consumer Protection Act
ⓘ
surface form:
Title I of the Dodd–Frank Act
|
| meets | at the call of the Chairperson ⓘ |
| memberCount |
10 voting members
ⓘ
5 nonvoting members ⓘ |
| monitors | systemic risk in the U.S. financial system ⓘ |
| oversees | systemically important financial institutions ⓘ |
| parentOrganization | United States Department of the Treasury ⓘ |
| purpose |
identify risks to the financial stability of the United States
ⓘ
promote market discipline ⓘ respond to emerging threats to the stability of the U.S. financial system ⓘ |
| reportsTo | United States Congress ⓘ |
| sector | financial regulation ⓘ |
| shortName | FSOC ⓘ |
| typeOfRiskAddressed | systemic risk ⓘ |
| website | https://home.treasury.gov/policy-issues/financial-markets-financial-institutions-and-fiscal-service/fsoc ⓘ |
Referenced by (10)
Full triples — surface form annotated when it differs from this entity's canonical label.
Dodd–Frank Wall Street Reform and Consumer Protection Act
→
createsAgency
→
Financial Stability Oversight Council
ⓘ
Chairman of the Federal Deposit Insurance Corporation
→
participatesIn
→
Financial Stability Oversight Council
ⓘ
subject surface form:
Federal Insurance Office
Emergency Economic Stabilization Act of 2008
→
createsOversightBody
→
Financial Stability Oversight Council
ⓘ
this entity surface form:
Financial Stability Oversight Board
Director of the Consumer Financial Protection Bureau
→
memberOf
→
Financial Stability Oversight Council
ⓘ