promote market discipline, by eliminating expectations that the Government will shield them from losses in the event of failure.identify the risks to the financial stability of the United States from both financial and non-financial organizations.Specifically, there are three purposes assigned to the Council: The FSOC has the authority to set aside certain financial regulations published by the Consumer Financial Protection Bureau if those rules would threaten financial stability. Inherent to the FSOC's role as a consultative council is facilitation of communication among financial regulators. The Act also designates the Secretary of the Treasury as Chairperson. financial system arising from the distress or failure of large, interconnected bank holding companies or non-bank financial companies, or from risks that could arise outside the financial system to eliminate expectations that any American financial firm is ' too big to fail' and to respond to emerging threats to U.S. The Dodd-Frank Act provides the Council with broad authorities to identify and monitor excessive risks to the U.S. The Office of Financial Research is intended to provide support to the council. The Financial Stability Oversight Council ( FSOC) is a United States federal government organization, established by Title I of the Dodd–Frank Wall Street Reform and Consumer Protection Act, which was signed into law by President Barack Obama on July 21, 2010. gov /policy-issues /financial-markets-financial-institutions-and-fiscal-service /fsoc For the optical communication technology, see Free-space optical communication.

Financial stability oversight council