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On Friday, February 23, Secretary of the Treasury Janet L. Yellen will preside over a meeting of the Financial Stability Oversight Council (Council) at the Treasury Department. The meeting will consist only of an executive session. The preliminary agenda for the executive session includes the Securities and Exchange Commission’s regulatory agenda; recent banking and commercial real estate developments; the Consumer Financial Protection Bureau’s proposed rule to define larger participants of a market for general-use digital consumer payment applications; the Council’s priorities for 2024; and the Office of Financial Research’s work to collect data on non-centrally cleared bilateral repurchase agreement transactions.*
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. 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. Readouts for past Council meetings are available.
* In accordance with the Council’s Transparency Policy, which is available at www.fsoc.gov, this meeting will be held in a closed session 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; information exempted from disclosure by statute or by regulation, or authorized under criteria established by an Executive Order to be kept secret; trade secrets and commercial or financial information obtained from a person and privileged or confidential; inter-agency and intra-agency memoranda or letters which would not otherwise be available by law; and to conduct administrative business of the Council.
