Annual Report of the Council of Inspectors General on Financial Oversight July 2011

The Council of Inspectors General on Financial Oversight (CIGFO) was established by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) to facilitate sharing of information among CIGFO member Inspectors General (IGs) and to discuss ongoing work of each IG member as it applies to the broader financial sector and ways to improve financial oversight. In addition, the CIGFO may convene working groups to evaluate the effectiveness and internal operations of the Financial Stability Oversight Council (FSOC). Chaired by the IG of the Department of the Treasury (Treasury), the CIGFO is required to meet at least once each quarter.