Save The Date: Financial Stability Oversight Council Readies For First Meeting

Posted by Orb Staff on September 23, 2010 No Comments
Categories : Residential Mortgage

Treasury Secretary Tim Geithner, in his capacity as chairman of the Financial Stability Oversight Council, has announced that the council will hold its first meeting on Oct. 1 at the U.S. Treasury Department.

The council, established by the Dodd-Frank Act, is charged with identifying threats to the financial stability of the U.S., promoting market discipline and responding to emerging risks to the stability of the U.S. financial system.

In addition to Geithner, the members of the Financial Stability Oversight Council who are expected to attend the inaugural meeting include the following:

  • Ben Bernanke, chairman of the board of governors of the Federal Reserve System;
  • John Walsh, acting comptroller of the currency;
  • Mary Schapiro, chairwoman of the U.S. Securities and Exchange Commission;
  • Sheila Bair, chairwoman of the Federal Deposit Insurance Corp.;
  • Gary Gensler, chairwoman of the Commodity Futures Trading Commission;
  • Edward J. DeMarco, acting director of the Federal Housing Finance Agency; and
  • Debbie Matz, chairwoman of the National Credit Union Administration.

Also expected to be in attendance are three non-voting members of the council:

  • John M. Huff, director of the Missouri Department of Insurance, Financial Institutions, and Professional Registration;
  • William S. Haraf, commissioner of the California Department of Financial Institutions; and
  • David S. Massey, deputy securities administrator of the North Carolina Department of the Secretary of State's securities division.

SOURCE: U.S. Treasury Department

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