U.S. Secretary of the Treasury Scott Bessent led a meeting of the Financial Stability Oversight Council at the Department of the Treasury. The session included updates from key financial regulatory bodies such as the Federal Reserve, FDIC, and OCC on enhancing supervisory frameworks to address material financial risks.
The Council discussed collaboration efforts aimed at supporting economic growth through banks and financial institutions. Treasury staff briefed members on digital asset markets, with input from SEC Chairman and Acting CFTC Chairman on promoting U.S. leadership in digital assets and providing regulatory clarity.
FDIC, OCC, and FHFA staff presented findings on commercial real estate sectors, noting stabilization despite challenges in office and multifamily segments. Supervisors have taken actions to mitigate risks within regulated institutions.
An update on corporate credit developments was provided by Treasury, SEC, and Office of Financial Research staff. The presentation highlighted solid corporate fundamentals but pointed out vulnerabilities among firms with lower credit ratings and higher leverage.
The Council approved minutes from its previous meeting held on March 20, 2025. Members present included Scott K.H. Bessent, Jerome H. Powell, Rodney E. Hood, Russell Vought, Paul S. Atkins, Travis Hill, Caroline D. Pham, William J. Pulte, Sarah Bang (acting), Thomas Workman, James Martin (non-voting), Steven Seitz (non-voting), Elizabeth K. Dwyer (non-voting), Lise Kruse (non-voting), and Melanie Lubin (non-voting).
Further details about the Council's activities are available at http://www.fsoc.gov.
