FSOC finalizes rules for designating nonbank financial companies as SIFIs

April 2012
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FSOC finalizes rules for designating nonbank financial companies as SIFIs

At a glance

April 2012 - In this FS Regulatory Brief, we review and analyze the Financial Stability Oversight Council's final rules for designating nonbank financial companies as SIFIs, the designation process and how companies can prepare.

Expect very few on tap, but many on watch

The Dodd-Frank Act reached one of its macro-prudential milestones on April 3, 2012. The Financial Stability Oversight Council approved the final rule it will use for determining when a "nonbank financial company" is systemically important to US financial stability and must be supervised by the Federal Reserve Board under the enhanced prudential standards of Section 115 of the Act.

In this FS Regulatory Brief, we review and analyze the Financial Stability Oversight Council's final rules for designating nonbank financial companies as SIFIs, the designation process and how companies can prepare.

To read this edition, please click here.

This FS Regulatory Brief follows our A Closer Look on the FSOC SIFI Designation Proposal for Nonbank Financial Companies issued in December 2011.

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