WASHINGTON – Today, U.S. Secretary of the Treasury Janet L. Yellen convened a meeting of the Financial Stability Oversight Council (Council) in executive and open sessions by videoconference.
During the executive session, the Council received an update on the development of the Council’s 2021 annual report.
The Council also received an update from Treasury staff on the report on stablecoins being developed by the President’s Working Group on Financial Markets. Council members discussed potential risks, benefits, and regulatory considerations related to stablecoins.
In the open session, the Council heard a presentation on the Council report prepared in response to the Executive Order on Climate-Related Financial Risk. The Council voted to approve the issuance of the report.
The Council also voted to approve the minutes of its previous meeting on September 9, 2021.
In attendance at the Council meeting by videoconference were the following members:
Additional information regarding the Council, its work, and the recently approved climate report and meeting minutes is available at http://www.fsoc.gov.
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