Legal Status
Financial Stability Oversight Council
The Financial Stability Oversight Council (FSOC) was established on July 21, 2010 by Public Law 111-203 (Dodd-Frank Wall Street Reform and Consumer Protection Act).
The Council was created to provide collective accountability for identifying risks and responding to emerging threats to financial stability.
The FSOC has been granted the authority to constrain excessive risk in the financial system and to .avoid the regulatory gaps that existed before the recent crisis to help minimize the risk of a nonbank financial firm threatening the stability of the financial system.
Additionally, the duties of the FSOC include assisting with the identification of emerging risks to financial stability, the FSOC provides direction to, and requests data and analyses from the Treasury Department’s Office of Financial Research.
(Source: Financial Stability Oversight Council http://www.treas.gov/FSOC)
- Agency URL:
- http://www.treasury.gov/initiatives/fsoc/
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Authority To Require Supervision and Regulation of Certain Nonbank Financial Companies
Section 113 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the ``Dodd-Frank Act'') authorizes the Financial Stability Oversight Council (the ``Council'') to determine that a nonbank financial company shall be supervised by the Board of Governors of the Federal Reserve System (the ``Board of Governors'') and shall be subject to...
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Authority to Require Supervision and Regulation of Certain Nonbank Financial Companies
Section 113 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the ``Dodd-Frank Act'') authorizes the Financial Stability Oversight Council (the ``Council'') to require a nonbank financial company to be supervised by the Board of Governors of the Federal Reserve System (the ``Board of Governors'') and be subject to prudential...
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Authority To Designate Financial Market Utilities as Systemically Important
Section 804 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the ``DFA'') provides the Financial Stability Oversight Council (the ``Council'') the authority to designate a financial market utility (``FMU'') that the Council determines is or is likely to become systemically important because the failure of or a disruption to the...
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Authority To Designate Financial Market Utilities as Systemically Important
Section 804 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the ``DFA'') provides the Financial Stability Oversight Council (the ``Council'') the authority to designate a financial market utility (an ``FMU'') the Council determines is or is likely to become systemically important--that is, the failure of or a disruption to the...
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Authority To Require Supervision and Regulation of Certain Nonbank Financial Companies
Section 113 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the ``DFA'') provides the Financial Stability Oversight Council (the ``Council'') the authority to require that a nonbank financial company be supervised by the Board of Governors of the Federal Reserve System (``Board of Governors'') and be subject to prudential...
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Proposed Collections; Comment Requests
The Financial Stability Oversight Council (the ``Council'') invites members of the public and affected agencies to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995. The Council is soliciting comments concerning its collection of information related to its authority to designate...
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Revision of Freedom of Information Act Regulations
This rule makes revisions to the regulations of the Financial Stability Oversight Council (the ``Council'') under the Freedom of Information Act (``FOIA'') as required by the FOIA Improvement Act of 2016.
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Submission for OMB Review; Comment Request
The Financial Stability Oversight Council (the ``Council'') invites members of the public and affected agencies to comment on continuing information collections, as required by the Paperwork Reduction Act of 1995.\1\ Section 113 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the ``Dodd-Frank Act'') \2\ provides the Council the...
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Notice Seeking Comment on Asset Management Products and Activities
On December 24, 2015, the Financial Stability Oversight Council (the Council) published a ``Notice Seeking Comment on Asset Management Products and Activities'' (the Notice), which states that comments on the Notice must be received not later than February 23, 2015. The Council has determined that an extension of the comment period until March...
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Supplemental Procedures Relating to Nonbank Financial Company Determinations
This notice announces the availability of ``Supplemental Procedures Relating to Nonbank Financial Company Determinations'' (Supplemental Procedures).
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Proposed Collections; Comment Requests
The Financial Stability Oversight Council (the ``Council'') invites members of the public and affected agencies to comment on continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)). The Council is soliciting comments concerning its extension of a currently approved...
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Notice Seeking Comment on Asset Management Products and Activities
Consistent with its responsibility to identify risks to the financial stability of the United States, the Financial Stability Oversight Council (Council) is issuing this notice seeking public comment on aspects of the asset management industry (Notice), in particular whether asset management products and activities may pose potential risks to...
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Submission for OMB Review; Comment Requests
The Financial Stability Oversight Council will submit the following information collection request to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, Public Law 104-13, on or after the date of publication of this notice.
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Proposed Collections; Comment Requests
The Financial Stability Oversight Council (the ``Council'') invites members of the public and affected agencies to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)). The Council is soliciting comments concerning its collection of...
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Hearing Procedures
The Financial Stability Oversight Council (Council) has adopted amendments to its hearing procedures (Council Hearing Procedures) for hearings conducted by the Council under Title I and Title VIII of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). The Council initially approved hearing procedures on May 22, 2012...