On Monday, October 6, Secretary Lew will preside over a meeting of the Financial Stability Oversight Council (Council) at the Treasury Department. The agenda will include both an executive and an open session. The preliminary agenda for the executive session includes a discussion of nonbank financial company designations and a discussion of the Council’s ongoing work on asset management. The preliminary agenda for the open session includes a presentation by the Office of Financial Research regarding progress on and next steps for the Council’s 2014 annual report recommendations on data gaps and data quality.*
The Dodd-Frank Wall Street Reform and Consumer Protection Act requires the Council to convene no less than quarterly, but the Council has historically convened on a more frequent basis. The meetings bring Council members together to discuss and analyze emerging market developments and financial regulatory issues. The Council is committed to conducting its business as openly and transparently as practicable, given the confidential supervisory and sensitive information at the center of its work. Consistent with the Council's transparency policy, the Council opens its meetings to the public whenever possible.
Open session Council meetings are made available to the public via live webcast and also can be viewed after they occur here. Upcoming Council meeting dates and times are posted following the official notification to Council members of an upcoming meeting.
Meeting minutes for the most recent Council meeting are generally approved at the next Council meeting and posted online soon afterwards. Meeting minutes for past Council meetings are available here. Readouts for past Council meetings are available here.
* In accordance with Council's Transparency Policy, which is available at www.fsoc.gov, a portion of this meeting will be held in a closed session to prevent the potential disclosure of information which would lead to significant financial speculation, significantly endanger the stability of any financial market or financial institution, or significantly frustrate implementation of a proposed agency action; and inter-agency or intra-agency memoranda or letters which would not otherwise be available by law.