# Professor Roy Smith explains how the Financial Stability Oversight Council was designed to coordinate banking regulation efforts

1 Faculty News March 19, 2018 ![Marketplace Logo](/sites/default/files/styles/246w/public/assets/images/marketplace_logo.jpg?itok=IIav3Udj)>

Excerpt from [Marketplace](https://www.marketplace.org/2018/03/19/economy/divided-decade/what-balkanization-fragmented-financial-regulatory-system) -- "'It is headed by the Treasury, to which all of these other bodies report,' explained [Roy Smith](http://www.stern.nyu.edu/faculty/bio/roy-smith), an emeritus professor of finance at New York University. The move 'essentially brought to an end the problem of regulatory silos not coordinating with one another,' he said."

[Read more](https://www.marketplace.org/2018/03/19/economy/divided-decade/what-balkanization-fragmented-financial-regulatory-system)