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 key issues affecting the stability of the financial system.
The meeting addressed ongoing efforts to monitor market developments and strengthen household financial resilience, which are important for maintaining economic security and confidence in financial markets.
During an executive session, Treasury staff briefed council members on recent trends in banking, financial markets, household finances, and innovation within the sector. The update also included discussions about geopolitical risks, increased investment in artificial intelligence, and changes within private credit markets. Members noted that the financial system remains resilient as agencies continue monitoring these areas.
Treasury staff also presented new tools designed to assess consumer credit conditions and analyze how fraud affects households and broader economic security. In an open session, council members reviewed proposed revisions to interpretive guidance on nonbank financial company designations from 2023. The council voted unanimously to publish this proposed guidance in the Federal Register for a 45-day public comment period.
Updates were provided by representatives from federal banking agencies regarding proposals to simplify regulatory capital standards as part of broader efforts to modernize supervision frameworks. The council also approved minutes from its previous meeting held on December 11, 2025.
Attendees included senior officials from several federal regulatory bodies as well as non-voting state representatives. Further details about council activities and upcoming public comment opportunities can be found at http://www.fsoc.gov.
