Financial Stability Oversight Council 2012 Annual Report

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By Timothy F. Geithner (ed)
Year: 2012
Pages: 225
Binding Paperback
ISBN 978-1-4578-3673-2

Product Code: 1457836734

Description

The Financial Stability Oversight Council (Council), established by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), is charged with three primary purposes: (1) To identify risks to the financial stability of the U.S. that could arise from the material financial distress or failure, or ongoing activities, of large, interconnected bank holding companies or nonbank financial companies, or that could arise outside the financial services marketplace; (2) To promote market discipline, by eliminating expectations on the part of shareholders, creditors, and counterparties of such companies that the U.S. government will shield them from losses in the event of failure; (3) To respond to emerging threats to the stability of the U.S. financial system. This report fulfills the Congressional mandate to report on the activities of the Council, describe significant financial market and regulatory developments, analyze potential emerging threats, and make certain recommendations.Figures. This is a print on demand report.

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