U.S. Secretary of the Treasury Scott K. H. Bessent convened a meeting of the Financial Stability Oversight Council in executive and open sessions, where members reviewed updates on priority workstreams and considered potential revisions to key nonbank and financial stability risk frameworks. In the open session, the Council heard a presentation on its 2025 annual report and voted unanimously to approve it. Treasury staff provided updates on the Council’s Artificial Intelligence Working Group, Household Resilience Working Group, Market Resilience Working Group, and a crisis preparedness workstream, including focus areas and deliverables, and members discussed agency efforts to advance these priorities. The Council also received a briefing on potential revisions to its interpretive guidance on nonbank financial company determinations and its analytic framework for financial stability risk identification, assessment, and response, and heard an update from the Federal Reserve, Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and National Credit Union Administration on banking supervision and regulatory reforms. The Council additionally voted to approve the minutes from its September 10, 2025 meeting.
U.S. Department of the Treasury 2025-12-11
U.S. Department of the Treasury convenes FSOC meeting and approves the Council’s 2025 annual report
U.S. Treasury Secretary Scott K. H. Bessent led a Financial Stability Oversight Council meeting to review priority workstreams and consider revisions to nonbank and financial stability risk frameworks. The Council approved its 2025 annual report and discussed updates from working groups and agencies on key priorities. Additionally, the Council received briefings on potential revisions to interpretive guidance and analytic frameworks, and approved the minutes from its September 2025 meeting.