Examples of Financial Stability Oversight Committee in a sentence
Board of Governors of the Federal Reserve System, ‘‘Report to the Congress on Risk Retention’’, (October 2010) and Financial Stability Oversight Committee, ‘‘Macroeconomic Effects of Risk Retention Requirements’’, (January 2011).
The Governor chairs a meeting of the Financial Stability Oversight Committee at which the Governor is present.
A member of the Financial Stability Oversight Committee who is unable to attend a meeting may, after notice to the other members and with the concurrence of the person who will chair the meeting, nominate an alternate to attend that meeting in the member’s absence.
The Financial Stability Oversight Committee may determine its procedures, including quorum requirements.
A member of the Financial Stability Oversight Committee referred to in terms of subsection (1)(h) holds office for the period, and on the terms, determined by the Governor.
In the event of an equality of votes on a matter that may be voted upon by the Financial Stability Oversight Committee, the person chairing a meeting has a casting vote in addition to a deliberative vote.
The Governor may, before making a determination in terms of subsection (1), consult the Financial Stability Oversight Committee.
An alternate referred to in paragraph (a) has, for that meeting, the same rights as the member of the Financial Stability Oversight Committee.
The Financial Stability Oversight Committee may establish separate working groups or subcommittees.
A major goal of the Dodd Frank Act was to improve regulatory coordination in monitoring and preventing systemic risks, as shown by the creation of the Financial Stability Oversight Committee.