Which of the following is true of the Financial Stability Oversight Council?
A) The council will identify banks or nonbanks that pose a threat to the financial system.
B) The council was to be subject to oversight by the Government Accountability Office for a short period during 2008.
C) It does not include members of the Treasury and the Federal Reserve.
D) It was established by the Securities Exchange Act of 1934.

Question

Quizplus · Accepted Answer

The Financial Stability Oversight Council was established under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 to identify and monitor risks to the financial stability of the United States, including from large banks or nonbank financial companies.

Which of the Following Is True of the Financial Stability