The Financial Stability Oversight Council, the agency created to quickly identify and address risks to the stability of the U.S. financial system, needs greater transparency to do its job correctly, the Government Accountability Office says in a new study.
The FSOC also needs to create a better system of coordination, and to share more information with the public, the study asserts.
The GAO notes that coordination is important because the FSOC is composed of the heads of a number of disparate agencies.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
