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Selected Works of Hilary Allen
Article
The Financial Stability Oversight Council (FSOC): It's Not All About the Designation
Banking Report (BNA) (2015)
  • Hilary J Allen, American University Washington College of Law
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Abstract
The recession that followed the financial crisis of 2007-2008 illustrated just how important financial stability is:
when the financial system fails, it results in credit contractions that can cause seismic problems for the economy
at large. Because financial institutions lack the incentives, information and tools to reduce the amount of risk in
the financial system as a whole, the vital task of overseeing and regulating for financial stability must necessarily
be carried out by a public body.
Keywords
  • Financial Stability Oversight Council,
  • FSOC,
  • financial crisis,
  • financial stability
Disciplines
Publication Date
March 3, 2015
Citation Information
Hilary J Allen. "The Financial Stability Oversight Council (FSOC): It's Not All About the Designation" Banking Report (BNA) Vol. 104 Iss. 9 (2015)
Available at: http://works.bepress.com/hilary-allen/95/