Prudential balks at SIFI designation
July 3, 2013 by Arthur D. Postal and Elizabeth D. Festa
Prudential Financial Inc. plans to challenge its designation as a systemically important financial institution.
It declined to join American International Group and GE Capital as the first nonbank financial firms to be overseen by the Federal Reserve Board as systemically significant. Instead, it asked the FSOC to schedule a nonpublic evidentiary hearing on its appeal. Click here to read…
Originally Posted at LifeHealthPro on July 2, 2013 by Arthur D. Postal and Elizabeth D. Festa.
Categories: Industry Articles