On May 19, 2015, the Financial Stability Oversight Council (FSOC), established under the Dodd-Frank Wall Street Reform and Consumer Protection Act to oversee risks to the U.S. financial system, issued its Fifth Annual Report, highlighting the need for heightened risk management and supervisory attention in eleven different areas:

  • Cybersecurity
  • Changes in financial market structure and implications for financial stability
  • Central Counterparties (CCPs)
  • Reforms of reference rates
  • Data quality, collection, and sharing

For additional information on these themes, please see here.

  • Increased risk taking in a low-yield environment
  • Changes in financial market structure and implications for financial stability
  • Financial innovation and migration of activities
  • Short-term wholesale funding
  • Risk-taking incentives of large, complex, interconnected financial institutions
  • Housing finance reform

For additional information on these themes, please see here.

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