On July 26, as required by the Dodd-Frank Act, FSOC released its 2011 Annual Report on U.S. financial markets.  The 2011 Annual Report includes recommendations for additional steps to be taken in order to enhance the stability of the U.S. financial markets, including: (i) heightened risk management and supervisory attention; (ii) reforms to address structural vulnerabilities; and (iii) reforms to strengthen the housing finance system.  Treasury ReleaseFSOC Annual Report.