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.
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 of the United States
→
|
| coordinatesWith |
federal financial regulators
→
state financial regulators → |
| country |
United States
→
|
| createdInResponseTo |
2007–2008 financial crisis
→
|
| currentChairTitle |
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 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 → Comptroller of the Currency → Director of the Consumer Financial Protection Bureau → Director of the Federal Housing Finance Agency → 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 |
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 (4)
| Subject (surface form when different) | Predicate |
|---|---|
|
Under Secretary for Domestic Finance
→
Vice Chair for Supervision → |
worksWith |
|
Public Law 111-203
→
|
createdAgency |
|
Dodd–Frank Wall Street Reform and Consumer Protection Act
→
|
createsAgency |