The Financial Stability Oversight Council Thursday will consider a proposal required by the Dodd-Frank Act on designating financial market utilities, the Treasury Department announced Monday.
The meeting held at the Treasury will be the council's fourth since it was created by the new law. At its January meeting, the FSOC issued numerous reports, including a report on a Dodd-Frank provision — known as the "Volcker Rule" — to rein in proprietary trading. The council also issued a notice of proposed rulemaking on the procedures for classifying firms as systemically important.
The council is also expected to issue proposed FSOC regulations related to the Freedom of Information Act.
