Financial Stability Oversight Council Begins to Chart a New Course for US Financial Regulation

October 04, 2010
The Financial Services Oversight Council established by Title I of the Dodd-Frank Act, which recently held its first meeting, is poised to play a critical role in the implementation of key elements of the Dodd-Frank Act. This update examines the principal responsibilities the Council must address, including developing a process for determining whether a particular financial institution will be deemed to be systemically significant.