Filed Under:Markets, Company News

Berkshire is said to face start of SIFI scrutiny

Warren Buffett smiles during an interview with Liz Claman of the Fox Business Network in Omaha, Neb. (AP/Nati Harnik)
Warren Buffett smiles during an interview with Liz Claman of the Fox Business Network in Omaha, Neb. (AP/Nati Harnik)

(Bloomberg) -- Regulators are starting to scrutinize Warren Buffett’s Berkshire Hathaway Inc. to determine whether it is important enough to the financial system to require Federal Reserve supervision, according to two people with knowledge of the matter.

The U.S. Financial Stability Oversight Council staff’s study of Berkshire doesn’t mean the panel is inclined to designate the Omaha, Nebraska-based company, said the people, who requested anonymity because the work isn’t public. Any decision could be months away, they said. The company’s reinsurance operation is the world’s fourth-largest.

Five criteria

In addition, non-bank financial companies that have $50 billion or more in assets and meet any one of five other criteria, including having $30 billion in credit-default swaps linked to their debt, can be evaluated.

Copyright 2016 Bloomberg. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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Nichole Morford

Nichole Morford
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