Player Template for http://www.americanbanker.com
Does FSOC Stand for False Sense of Comfort?
February 21, 2013

The Financial Stability Oversight Council was set up as part of the Dodd-Frank Act to identify risks and respond to emerging threats to financial stability. Its 10-member board comprises the federal government's most senior financial policymakers, including the secretary of the Treasury, chairmen of the board of governors of the Federal Reserve System, Securities and Exchange Commission and the director of the Consumer Financial Protection Bureau. Its heavyweight membership aside, FSOC faces the daunting task of spotting threats before they cause a financial crisis — a mission that policymakers have failed at numerous times in the past. American Banker editors discuss whether FSOC will be any more successful or instead create "regulatory hazard" in the form of a false sense of security.

Comments (1)
20
Posted by byelsxei i | Wednesday, March 20 2013 at 4:41PM ET
Post a Comment
You must be registered to post a comment.
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.
asdasdasdasd
Already a subscriber? Log in here
Please note you must now log in with your email address and password.