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the measure creates a council of regulators to monitor systemic risk, gives the federal deposit insurance corp. power to disassemble large failed financial firms and lets regulators break apart healthy firms that threaten the economy. source: businessweek in this sentence, council means: a social class comprising those who do work for wages a meeting of people for consultation everything that is included in a collection dominant course of successive events or ideas
In the context of the text about regulating financial - related matters, a "council" is a group of people meeting for consultation. It is a body of regulators set up to monitor systemic risk. The other options do not fit the context.
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B. a meeting of people for consultation