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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 meeting of people for consultation everything that is included in a collection dominant course of successive events or ideas a social class comprising those who do work for wages
In the context of the sentence, a council of regulators is a group of people coming together for the purpose of monitoring systemic risk. This aligns with the meaning of a meeting of people for consultation. The other options do not fit the context.
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a meeting of people for consultation