Financial Stability Oversight Council | Estateplanning

The Financial Stability Oversight Council (FSOC) is a US government agency established in 2010 to monitor and regulate the financial system, preventing future crises like the 2008 meltdown. Led by the Treasury Secretary, FSOC comprises representatives from major financial regulatory agencies, including the Federal Reserve, the Securities and Exchange Commission (SEC), and the Commodity Futures Trading Commission (CFTC). FSOC works closely with institutions like Goldman Sachs, JPMorgan Chase, and Bank of America to ensure their stability and resilience. The council's efforts are also influenced by global organizations like the International Monetary Fund (IMF) and the Financial Stability Board (FSB).