The Financial Stability Oversight Council will meet Sept. 4 in a closed session to identify non-bank financial institutions that may be designated as systemically important financial institutions.
Established by Dodd-Frank Wall Street Reform and the Consumer Protection Act, the FSOC is charged with monitoring the U.S. financial system, identifying systemic risks to market stability, and responding to risks when the arise.
A post on the FSOC website announcing the meeting did not say which institutions the committee is vetting.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
