Law360, New York (June 29, 2016, 9:53 AM EDT) -- U.S. financial regulators on Wednesday said General Electric Co.'s finance arm was released from its designation as a systemically important financial institution, freeing it from enhanced oversight from the Federal Reserve and providing a roadmap for firms seeking to escape stricter regulation.
General Electric Co.'s finance arm has been released from its designation as a systemically important financial institution. (Credit: AP) The Financial Stability Oversight Council said in a statement that GE Capital Global Holdings LLC no longer posed a potential threat to the broader financial system after it took steps to shrink its profile through a series of asset sales...
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