Business Plans For Finance Cos. In Flux With SIFI Rule

Law360, New York (April 3, 2012, 8:04 PM EDT) -- The Financial Stability Oversight Council on Tuesday approved a final rule for determining which insurance companies, hedge funds and other nonbank financial companies will be deemed systemically important financial institutions, establishing a regulatory roadmap attorneys said could raise tough questions for some firms contemplating growth strategies and other business goals.

The final rule allows the council, a 10-member group of the nation's financial regulatory agencies, to determine which large, nonbank financial firms will fall under the Federal Reserve Board's prudential and capital regulations for companies similar...
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