Financial Stability Oversight Council

AAA

DEFINITION of 'Financial Stability Oversight Council'

A committee led by the U.S. Treasury Secretary that is charged with monitoring the financial system, including identifying potential threats to the country's financial stability. The Financial Stability Oversight Council is composed of 10 voting and five non-voting members. The voting members include Treasury officials, Federal Reserve Board members and insurance experts.

INVESTOPEDIA EXPLAINS 'Financial Stability Oversight Council'

In response to the financial crisis that began in 2007, the FSOC was formed as part of the Dodd-Frank Act, which was signed into law by President Barack Obama on July 21, 2010. The council aims to promote market discipline and bring greater efficiency and transparency to the financial services industry.

RELATED TERMS
  1. Financial Institutions and Prudential ...

    A division within the Centre for European Policy Studies. The ...
  2. Financial Stability Plan (FSP)

    A plan unveiled by the Obama administration in April, 2009, that ...
  3. Recession

    A significant decline in activity across the economy, lasting ...
  4. Depression

    A severe and prolonged downturn in economic activity. In economics, ...
  5. Great Depression

    An economic recession that began on October 29, 1929, following ...
  6. Economic Collapse

    A complete breakdown of a national, regional or territorial economy. ...
Related Articles
  1. Economics

    The SEC: A Brief History Of Regulation

    The SEC has continued to make the market a safer place and to learn from and adapt to new scandals and crises.
  2. Active Trading Fundamentals

    Recession: What Does It Mean To Investors?

    Understanding the business cycle and your own investment style can help you cope with an economic decline.
  3. Economics

    The Stock Market: A Look Back

    The past century was marked by furious economic change. What can it tell us about what lies ahead?
  4. Economics

    What Caused The Great Depression?

    Learn how government actions may have contributed to this major economic downturn.
  5. Personal Finance

    The Crash Of 1929 - Could It Happen Again?

    Learn about the series of events that triggered the Great Depression.
  6. Entrepreneurship

    The Impact Of Recession On Businesses

    Find out how this economic cycle affects both small and big business.
  7. Investigate these expat havens if you seek a developed country with low barriers for getting a permanent resident visa – sometimes even citizenship.
    Personal Finance

    5 Developed Countries That Welcome Expats

    Investigate these expat havens if you seek a developed country with low barriers for getting a permanent resident visa – sometimes even citizenship.
  8. Free enterprise is the economic term used to describe an economy with very little government ownership.
    Economics

    What's Free Enterprise?

    Free enterprise is the economic term used to describe an economy with very little government ownership or regulation. In a free enterprise system, competition and the preferences and choices ...
  9. Some countries put up very high barriers for foreigners to get citizenship
    Personal Finance

    5 Countries Where It's Hardest To Become A Citizen

    The United States is one of five countries that put up very high barriers for foreigners to get citizenship. Here's how it compares to the other four.
  10. Depending on their parents, people not born in the U.S. either inherit U.S. citizenship or need to achieve it. Here are the steps to become an American.
    Personal Finance

    How To Become A U.S. Citizen

    Depending on their parents, people not born in the U.S. either inherit U.S. citizenship or need to achieve it. Here are the steps to become an American.

You May Also Like

Hot Definitions
  1. SWOT Analysis

    A tool that identifies the strengths, weaknesses, opportunities and threats of an organization. Specifically, SWOT is a basic, ...
  2. Simple Interest

    A quick method of calculating the interest charge on a loan. Simple interest is determined by multiplying the interest rate ...
  3. Special Administrative Region - SAR

    Unique geographical areas with a high degree of autonomy set up by the People's Republic of China. The Special Administrative ...
  4. Annual Percentage Rate - APR

    The annual rate that is charged for borrowing (or made by investing), expressed as a single percentage number that represents ...
  5. Free Carrier - FCA

    A trade term requiring the seller to deliver goods to a named airport, terminal, or other place where the carrier operates. ...
  6. Law Of Supply And Demand

    A theory explaining the interaction between the supply of a resource and the demand for that resource. The law of supply ...
Trading Center