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)

How this entity was disambiguated

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 ⓘ

How these facts were elicited

Referenced by (10)

Full triples — surface form annotated when it differs from this entity's canonical label.

Vice Chair for Supervision → worksWith → Financial Stability Oversight Council ⓘ
Dodd–Frank Wall Street Reform and Consumer Protection Act → createsAgency → Financial Stability Oversight Council ⓘ
Under Secretary for Domestic Finance → worksWith → Financial Stability Oversight Council ⓘ
Public Law 111-203 → createdAgency → Financial Stability Oversight Council ⓘ
FSOC → fullName → Financial Stability Oversight Council ⓘ
Chairman of the Federal Deposit Insurance Corporation → participatesIn → Financial Stability Oversight Council ⓘ
111-203 → createsAgency → Financial Stability Oversight Council ⓘ
FIO → collaboratesWith → 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 ⓘ