On Thursday, September 4, Secretary Lew will preside over a closed session of the Financial Stability Oversight Council. The preliminary agenda includes a discussion of nonbank financial company designations, consideration of the Council’s fiscal year 2015 budget, a discussion of the Council’s work on asset management, and an update on the Board of Governors of the Federal Reserve System and FDIC’s recent review of resolution plans submitted by large, complex banking organizations.*
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, this meeting will be held in a closed session to conduct administrative business of the Council and to prevent the potential disclosure of information contained in or related to investigation, examination, operating, or condition reports prepared by, on behalf of, or for the use of, an agency responsible for the regulation or supervision of financial markets or financial institutions; 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; trade secrets and commercial or financial information obtained from a person and privileged or confidential; and inter-agency or intra-agency memoranda or letters which would not otherwise be available by law.