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...
To view the full article, register now.