the Financial Stability Oversight Council (FSOC)

The Financial Stability Oversight Council (FSOC) is a U.S. government body established after the 2008 financial crisis to monitor and address risks to the nation's financial system. It is composed of representatives from various financial regulatory agencies. FSOC's main goal is to identify and prevent systemic risks—issues that could threaten the stability of the entire economy. It can recommend stricter regulations for financial institutions that pose significant risks. By coordinating efforts among regulators, FSOC aims to enhance the resilience of the financial system and protect consumers from potential crises.