ABSTRACT

Financial Stability Oversight Council: A Framework to Mitigate Systemic Risk [November 15, 2011]   [open pdf - 533KB]

"The Financial Stability Oversight Council (FSOC) was created by the Dodd-Frank Act (DFA) in 2010 as part of a comprehensive reform of banking and securities market regulators. The council is charged with monitoring systemic risk in the financial system and coordinating several federal financial regulators. Because the agency is new and because several potential risks remain to the financial system as a whole, the 112th Congress may wish to monitor the performance, rulemaking, and policy recommendations of the council. This report describes the mission, membership, and scope of the FSOC. It provides an analysis of several major policy issues related to the FSOC that may come before the 112th Congress. [...] This report is intended to be used as a reference by congressional staff working on financial issues. The macroeconomic policy rationales for various financial crisis-related issues are summarized, and a glossary is provided to assist in understanding technical terms. This report is not intended to be read from cover to cover, but instead may be more useful as issues related to the FSOC arise."

Report Number:
CRS Report for Congress, R42083
Author:
Publisher:
Date:
2011-11-15
Series:
Copyright:
Public Domain
Retrieved From:
Via E-mail
Format:
pdf
Media Type:
application/pdf
URL:
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