The Dodd-Frank Wall Act established the _____, a super-regulator that monitors Wall Street's largest firms and other market participants to spot and respond to emerging systemic risks.
A) Federal Financial Institutions Examination Council
B) Volcker Rule
C) Financial Stability Oversight Council
D) Consumer Financial Protection Bureau
E) Federal Deposit Insurance Corporation

Question

Quizplus · Accepted Answer

The Financial Stability Oversight Council (FSOC) was established by the Dodd-Frank Wall Act to monitor Wall Street's largest firms and other market participants to spot and respond to emerging systemic risks. The other options listed are also regulatory bodies established by the Dodd-Frank Act, but they have different roles and responsibilities.

The Dodd-Frank Wall Act Established the _____, a Super-Regulator That