US regulators to choose risky non-bank firms
The US Financial Stability Oversight Council (FSOC) will meet today (28 September) to discuss the third stage of choosing which non-bank entities will be branded potentially risky to the financial system.
The council is intending to request confidential financial information from certain companies, in stage three of the designation process for non-bank firms as "systemically important financial institutions" (SIFIs).
This will take the US watchdog one step closer to picking which companies will be on the list and therefore subjected...
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