Pricing Risk: Contracting With A SIFI

Law360, New York (April 24, 2012, 1:31 PM EDT) -- On April 3, 2012, at a public meeting, the U.S. Financial Stability Oversight Council (FSOC) finalized a rule that establishes a protocol for determining which nonbank financial companies — including private equity firms, insurance companies and hedge funds — may be classified as a “systemically important financial institution” (SIFI).

The final rule was passed pursuant to Section 113 of the Dodd-Frank Act, which authorizes the FSOC to require a nonbank to be supervised by the Federal Reserve Board and be subject to prudential standards, if the...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.