It is a committee of the Bank of England’s Court of Directors and is chaired by the Governor of the Bank. The members include senior representatives of the central bank and the microprudential supervisor, the chief executive designate of the Financial Conduct Authority, four external members and a representative of the Treasury.
In the United States, the Financial Stability Oversight Committee (FSOC) has the objective of identifying risks and responding to emerging threats to financial stability. The objective of the FSOC is to ensure coordination and information sharing across the various supervisory organisations in the US.