Document Type
Article
Publication Date
March 2015
Volume
104
Issue
9
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 economyat large. Because financial institutions lack the incentives, information and tools to reduce the amount of risk inthe financial system as a whole, the vital task of overseeing and regulating for financial stability must necessarilybe carried out by a public body.
Recommended Citation
Hilary Allen,
The Financial Stability Oversight Council (FSOC): It's Not All About the Designation,
104
Banking Report (BNA)
(2015).
Available at:
https://digitalcommons.wcl.american.edu/facsch_lawrev/1907