Financial Stability Oversight Council (FSOC) Materials

Overview

The Financial Stability Oversight Council ("FSOC") is made up of various federal financial regulators, state regulators, and insurance experts who are charged with identifying risks to the financial stability of the United States. To this end, FSOC is required to facilitate co-ordination among the regulatory agencies that are represented on it, and it has the power (i) to designate nonbank financial companies whose failure could pose risk to the financial system as being subject to consolidated supervision and (ii) to designate financial market utilities involved in payment, clearing or settlement activities of systemic importance as being required to meet heightened oversight standards. Additionally, FSOC may recommend actions including breaking up firms that pose a "grave threat" to the financial stability of the United States.

This page includes the principal materials directly relevant to FSOC.

On the left side of the page are Dodd-Frank statutes and FSOC rules.

The top right of the page, under Developments, are tools to keep Cabinet members current on regulatory developments: the Cabinet's regulatory news and links to the Cabinet Trackers for Change Management and for Rules in Transition, each of which can be filtered by agency. To see a calendar of events, go to the Calendar Page and select the Banking Regulatory Calendar.

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Dodd-Frank Relevant Provisions

  • Title 1 (Financial Stability)
  • Section 101 (Short title)
  • Section 102 (Definitions)
  • Section 111 (Establishment of FSOC)
  • Section 112 (Council authority)
  • Section 113 (Nonbank authority)
  • Section 114 (Registration of nonbank financial companies supervised by the Board of Governors)
  • Section 115 (Enhanced supervision and prudential standards for nonbank financial companies supervised by the Board of Governors and certain bank holding companies)
  • Section 116 (Reports)
  • Section 117 (Treatment of certain companies that cease to be bank holding companies)
  • Section 118 (Council funding)
  • Section 119 (Resolution of supervisory jurisdictional disputes among member agencies)
  • Section 120 (Additional standards applicable to activities or practices for financial stability purposes)
  • Section 121 (Mitigation of risks to financial stability)
  • Section 122 (GAO Audit of Council)
  • Section 123 (Study of the effects of size and complexity of financial institutions on capital market efficiency and economic growth)
  • Title VIII (Payment, Clearing and Settle Supervision)

FSOC Rules

  • Part 1301 (Freedom of information)
  • Part 1302 (Authority as to nonbank financial companies)
  • Part 1320 (Designation of financial market utilities)