US Treasury Secretary Jack Lew delivers remarks next to Federal Reserve Board Chair Janet Yellen at the Financial Stability Oversight Council meeting on Monday at the Treasury Department in Washington. The council will probably wait until early next year to decide where regulation of the asset management industry will go, said Lew, the chair of FSOC, a group of financial regulatory agency leaders established by the Dodd-Frank financial reform act, whose goal is to prevent crises in the US financial system. Gary Cameron / REUTERS