Who is the FSOC accountable to?
-----------------
The Council provides new accountability to Congress and the American people by identifying emerging threats to financial stability and to coordinate regulatory actions to address them. The Council is held accountable to Congress through the publication of an annual report and testimony provided by the Chairperson on the FSOC’s activities and emerging threats to financial stability. Moreover, the Council reports to Congress as appropriate on particular topics. For instance, the FSOC was required to conduct four studies in its first six months following enactment, including a report providing recommendations on implementation of the Volcker Rule.