Financial Stability Oversight Council

The Financial Stability Oversight Council (FSOC) is a United States federal government organization, established by Title I of the Dodd–Frank Wall Street Reform and Consumer Protection Act, which was signed into law by President Barack Obama on July 21, 2010.

The Report is intended to describe significant financial market and regulatory developments, analyze potential emerging threats, and make certain recommendations.

The July 26, 2011 report warned that the United States faces potential losses connected with the European debt crisis.

[5] In September 2014, a group of Republican lawmakers accused U.S. regulators of "disparate treatment" of nonbank financial firms currently considered for tougher oversight.

As a result of FSOC's announcement the Securities and Exchange Commission is now expected and assumed to take a prudential supervisory role of individual asset managers, in addition to exercising its traditional mandate of investor protection.

Any employee of the federal government may be detailed to the Council without reimbursement and without interruption or loss of civil service status or privilege.

[11] The Council monitors domestic and international regulatory proposals, including insurance and accounting issues, and advises Congress and the Federal Reserve on ways to enhance the integrity, efficiency, competitiveness and stability of the US financial markets.