FSOC to Revisit Nonbank SIFI Designation Guidance

FSOC Approves Analytic Framework for Financial Stability Risks and ...

... designation of certain entities. The updated Guidance for Nonbank Financial Company Determinations (Nonbank Designations Guidance) sets ...

FSOC Finalizes Guidance on Nonbank Systemically Important ...

The Final Guidance sets out a two-stage process to be observed by the FSOC in determining whether a nonbank should be designated as a SIFI.

FSOC Proposes Overhauling Its Standards for Designating Nonbank ...

Finally, the Proposed Guidance eliminates any requirement that FSOC conduct a cost-benefit analysis before designating companies as SIFIs. These ...

FSOC Revived: U.S. Financial Stability Oversight Council Finalizes ...

Under the Final Guidance, FSOC generally expects to follow a two-stage process when designating a nonbank financial company as systemically ...

FSOC Relaxes Process to Designate Nonbanks as System...

... financial stability over nonbank designations. Further, the 2019 Guidance allows FSOC to evaluate nonbanks for SIFI designation only if the ...

Authority To Require Supervision and Regulation of Certain ...

... nonbank financial company designation authority. ... Appendix A to Part 1310—Financial Stability Oversight Council Guidance for Nonbank Financial ...

Federal Register/Vol. 88, No. 221/Friday, November 17, 2023/Rules ...

revise and update the 2019 ... Some commenters supported separating the Council's guidance on the nonbank financial company designation.

FSOC Finalizes Revised Guidance on Nonbank SIFI Designations

Interpretive Guidance”)2 governing the designation of nonbank financial companies for supervision by the. Federal Reserve Board and application ...

FSOC Proposes New Framework for Financial Stability Risks and ...

... revise and reverse the designation approach ... nonbank SIFI designation and with vulnerabilities identified in previous FSOC guidance.

Sullivan & Cromwell Discusses FSOC Changes to Nonbank SIFI ...

Revise Designation Process and Enhance Transparency of Designations: The Final Guidance makes several changes to the Council's current ...

McHenry Demands FSOC Reverse Course on Nonbank Financial ...

Chairman McHenry demands FSOC revisit its April decision to evaluate risks posed by non-bank financial entities based on size, rather than the activities they ...

FSOC to Revisit Nonbank SIFI Designation Guidance - Bank Reg Blog

Without designation authority, standards on capital and liquidity cannot be imposed on a nonbank financial company. The designation authority ...

Davis Polk Discusses FSOC Proposals on Nonbank SIFIs

In remarks accompanying the Proposals (here), Treasury Secretary Yellen stated thatthe changes reflected in the Nonbank Designation Guidance ...

FSOC Finalizes Revised Guidance on Nonbank SIFI Designations

On November 3, 2023, the ten voting members of the Financial Stability Oversight Council (“FSOC” or “Council”) voted unanimously to finalize ...

FSOC revisits its nonbank "systemically important financial institution ...

The Financial Stability Oversight Council unanimously approved two proposals for public comment regarding FSOC's authority to designate nonbank financial ...

Authority to Require Supervision and Regulation of Certain ... - SIFMA

While the Nonbank Guidance and Analytic Framework were released by the FSOC as two separate proposals, they are intrinsically interlinked.

Primer: FSOC's SIFI Designation Process for Nonbank Financial ...

... guidance on the process it uses to designate SIFIs. ... FSOC revisits the designation annually and must vote again to rescind a designation.

FSOC proposes revamping systemic risk designation process

Under those guidelines, between 2013 and 2014, the FSOC initially designated four nonbank financial companies as SIFIs, which designations were ...

Systemically Important in Three Easy Steps? FSOC Approves Final ...

FSOC Approves Final Rule ... In an effort to increase the transparency of the process, the FSOC issued accompanying Guidance providing additional details and insights into the nonbank SIFI determination process.

FSOC Designation Treasury Report: A Fundamental Shift

FSOC may designate a nonbank financial entity as a SIFI to be ... guidance, exercising its discretion with new approaches and priorities, etc.