GE Capital dealing with Sifi status and AMA push
Systemically important status is hard enough when you're a bank – for non-bank institutions such as GE Capital, meeting the mark can be even more challenging. Enterprise and operational risk leader Ann Rodriguez discusses the reform process with OpRisk
Intense regulatory attention has fallen on large banks and non-bank institutions alike in the US as the Financial Stability Oversight Council (FSOC) completes its list of companies whose survival is vital to the stability of the US financial system. Systemically important financial institutions (Sifis) will come under increased supervision from the Federal Reserve Board and may face higher capital charges.
Not all have welcomed the spotlight. In October 2013 US insurer Prudential Financial
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