U.S. Secretary of the Treasury Scott K. H. Bessent convened a meeting of the Financial Stability Oversight Council on March 25 at the U.S. Department of the Treasury, where members discussed recent developments in financial stability and regulatory reforms.
The meeting addressed key issues affecting the stability of the financial system, including trends in banking, household finances, market innovation, and emerging risks such as artificial intelligence and geopolitical factors.
During an executive session, Treasury staff presented an update on quarterly financial stability indicators across sectors such as banking and private credit. The presentation also included a review of consumer credit conditions and analyzed how fraud impacts households' economic security.
In an open session, Council members reviewed proposed revisions to their interpretive guidance for nonbank financial company designations. The Council voted unanimously to publish this proposed guidance in the Federal Register for a 45-day public comment period.
The Board of Governors of the Federal Reserve System, Office of the Comptroller of the Currency, and Federal Deposit Insurance Corporation provided updates on ongoing efforts to modernize regulatory capital standards and strengthen supervisory frameworks. The Council also approved minutes from its previous meeting held on December 11, 2025.
Attendees included leaders from major federal regulatory agencies as well as several non-voting state officials. Further details about the Council's work and upcoming opportunities for public input can be found at http://www.fsoc.gov.
