FSOC Inches Closer to Naming Systemically Risky Nonbanks

Borak, Donna
June 2013
American Banker;6/ 5/2013, Vol. 178 Issue 86, p6
Trade Publication
The article reports the U.S. Financial Stability Oversight Council (FSOC) headed by Treasury Secretary Jacob Lew voted to identify some of the nonbank financial firms that are a risk to the financial system. The article notes American International Group Inc., GE Capital, and Prudential Financial have been under the FSCO's consideration since September 2012 but have not received the systemic risk designation as of June 5, 2013. It also notes Lew's remarks at a press conference.


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