The meeting of the Financial Stability Oversight Council (FSOC) was rescheduled from Monday to Thursday by the Secretary of the Treasury Monday, due (apparently) to his on-going negotiations with congressional leaders over coronavirus crisis response financial stimulus.
In a release, the Treasury Department said the agenda for Thursday’s meeting includes both an open and an executive session. Treasury said the preliminary agenda for the open session includes an update on market developments related to the COVID-19 virus. The preliminary agenda for the executive session includes an update on market developments related to the COVID-19 virus and an update on nonbank mortgage origination and servicing, Treasury said.
The FSOC is an inter-regulatory body within the Treasury Department designed to identify risks and respond to emerging threats to financial stability. It is chaired by the Treasury Secretary.