Financial Stability Oversight Council: Analytic Framework for Risk Identification
Summary
The Financial Stability Oversight Council (FSOC) has published a notice outlining its new analytic framework for identifying, assessing, and responding to financial stability risks. The notice includes a comment period for public input.
What changed
The Financial Stability Oversight Council (FSOC) has issued a notice detailing its "Analytic Framework for Financial Stability Risk Identification, Assessment, and Response." This framework establishes a structured approach for the FSOC to proactively identify potential threats to U.S. financial stability, assess their potential impact, and determine appropriate responses. The notice, published in the Federal Register, outlines the principles and methodologies the FSOC intends to employ in its ongoing monitoring and analysis of the financial system.
This framework is intended to enhance the FSOC's ability to anticipate and mitigate systemic risks. While the notice itself does not impose immediate new compliance obligations on regulated entities, it signals a more formalized and potentially proactive approach by the FSOC. Interested parties, particularly financial institutions and market participants, are encouraged to review the framework and provide comments by the specified deadline. The FSOC will use this feedback to refine the framework before its full implementation.
What to do next
- Review the FSOC's "Analytic Framework for Financial Stability Risk Identification, Assessment, and Response."
- Submit comments on the framework by July 27, 2023, if applicable.
- Assess internal risk identification and assessment processes in light of the FSOC's stated approach.
Source document (simplified)
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Notice
Analytic Framework for Financial Stability Risk Identification, Assessment, and Response
A Notice by the Financial Stability Oversight Council on 06/27/2023
- 1.
1.
Document Details Published Content - Document Details Agency Financial Stability Oversight Council Agency/Docket Number Docket No. FSOC-2023-0001 Document Citation 88 FR 41616 Document Number 2023-13548 Document Type Notice Page 41616
(1 page) Publication Date 06/27/2023 Published Content - Document DetailsPDF Official Content
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Document Details Published Content - Document Details Agency Financial Stability Oversight Council Agency/Docket Number Docket No. FSOC-2023-0001 Document Citation 88 FR 41616 Document Number 2023-13548 Document Type Notice Page 41616
(1 page) Publication Date 06/27/2023 Published Content - Document DetailsDocument Dates Published Content - Document Dates Comments Close 07/27/2023 Dates Text Comment due date: July 27, 2023 Published Content - Document Dates
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has no substantive legal effect.- AGENCY:
- ACTION:
- SUMMARY:
- DATES:
- ADDRESSES:
- FOR FURTHER INFORMATION CONTACT:
- SUPPLEMENTARY INFORMATION:
- Footnotes Enhanced Content - Table of Contents
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| Docket Title | Document ID | Comments | |
| --- | --- | --- | --- |
| Analytic Framework for Financial Stability Risk Identification, Assessment, and Response | FSOC-2023-0001-0034 | 14 | |
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Analytic Framework for Financial Stability Risk Identification, Assessment, and Response
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- Public Inspection Public Inspection This PDF is FR Doc. 2023-13548 as it appeared on Public Inspection on
06/26/2023 at 8:45 am.
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Financial Stability Oversight Council
- [Docket No. FSOC-2023-0001]
AGENCY:
Financial Stability Oversight Council.
ACTION:
Proposed analytic framework; extension of comment period.
SUMMARY:
The Financial Stability Oversight Council (Council) is extending by 30 days the comment period on its proposed Analytic Framework for Financial Stability Risk Identification, Assessment, and Response. The comment period will now close on July 27, 2023.
DATES:
Comment due date: July 27, 2023
ADDRESSES:
You may submit comments by either of the following methods. All submissions must refer to the document title and docket number FSOC-2023-0001.
Electronic Submission of Comments: You may submit comments electronically through the Federal eRulemaking Portal at http://www.regulations.gov. Electronic submission of comments allows the commenter maximum time to prepare and submit a comment, ensures timely receipt, and enables the Council to make them available to the public. Comments submitted electronically through the http://www.regulations.gov website can be viewed by other commenters and interested members of the public. Commenters should follow the instructions provided on that site to submit comments electronically.
Mail: Send comments to Financial Stability Oversight Council, Attn: Eric Froman, 1500 Pennsylvania Avenue NW, Room 2308, Washington, DC 20220.
All properly submitted comments will be available for inspection and downloading at http://www.regulations.gov.
In general, comments received, including attachments and other supporting materials, are part of the public record and are available to the public. Do not submit any information in your comment or supporting materials that you consider confidential or inappropriate for public disclosure.
FOR FURTHER INFORMATION CONTACT:
Eric Froman, Office of the General Counsel, Treasury, at (202) 622-1942; Devin Mauney, Office of the General Counsel, Treasury, at (202) 622-2537; or Carol Rodrigues, Office of the General Counsel, Treasury, at (202) 622-6127.
SUPPLEMENTARY INFORMATION:
On April 28, 2023, the Council published in the Federal Register a proposed Analytic Framework for Financial Stability Risk Identification, Assessment, and Response (Proposed Analytic Framework), which describes the approach the Council expects to take in identifying, assessing, and responding to certain potential risks to U.S. financial stability. [1 ] Comments on the Proposed Analytic Framework were originally due on June 27, 2023.
The Council has received a request to extend the comment period to allow interested parties additional time to review and comment on the Proposed Analytic Framework. The Council is therefore extending the comment period on the Proposed Analytic Framework by 30 days to July 27, 2023.
Dated: June 21, 2023.
Sandra Lee,
Deputy Assistant Secretary, Financial Stability Oversight Council.
Footnotes
- 88 FR 26305 (April 28, 2023).
Back to Citation [FR Doc. 2023-13548 Filed 6-26-23; 8:45 am]
BILLING CODE 4810-AK-P-P
Published Document: 2023-13548 (88 FR 41616)
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