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By Elizabeth Festa |
June 1, 2012
Nonbank financial institutions insurers and financial market utilities (FMU), that want to argue their case before the Financial Stability Oversight Council (FSOC) if they receive a systemically important financial institution (SIFI) recommendation now have in place the framework for specific hearing procedures.
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By Elizabeth Festa |
May 23, 2012
The FSOC met this week and had a lot on its plate: Volcker Rule and financial stability in light of JPMorgan's losses, and the approval of new procedures that nonbanks and FMUs can follow to protest a SIFI designation.