Financial Stability Oversight Council (FSOC)

What is Financial Stability Oversight Council (FSOC)

FSOC is a US federal government organisation entrusted to identify risks to the US financial sector stemming from large banks, financial holding companies and non-bank financial companies. 

FSOC Responsibilities

  • identify, monitor, investigate and respond to emerging threats to the financial stability of the US posed by both financial and non-financial companies and organisations
  • promote market discipline by monitoring international regulatory proposals and advises the Congress and the Federal Reserve in this respect
  • has the authority to collect information from any state or federal financial regulatory agency
  • submits a report to Congress describing the state of the U.S.’ financial system
  • has the authority to place non-bank financial companies or domestic subsidiaries of international banks under the supervision of the Federal Reserve if they are identified as a threat to the financial stability of the US
  • has the authority to issue recommendations to the primary financial regulatory agency, which is then obliged to implement 

FSOC Publications

Annual reports

FSOC Virtual asset related reports

Report on Digital Asset Financial Stability Risks and Regulation

FSOC Updates

The FSOC does not have a newsletter or a website, and all publications can be tracked on Treasury’s official website.

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