Financial Stability Oversight Council

Definition:

A council established under the Dodd-Frank Act within U.S. Department of the Treasury to provide comprehensive monitoring to ensure the stability of national financial system. The Council is made up of ten voting members - nine federal financial regulatory agencies and an independent member with insurance expertise - and five nonvoting members.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Bankruptcy

Inability to pay debts. In bankruptcy of a publicly owned entity, the ownership of the firm's assets is transferred from the stockholders to the bondholders.

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