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Yellen Says Business Model Could Be Used To Set SIFI Status

Law360, New York (July 13, 2017, 2:32 PM EDT) -- Federal Reserve Chair Janet Yellen said Thursday that her agency was open to the idea of subjecting banks to heightened regulatory scrutiny based on their activities rather than their asset size among other changes to the post-financial crisis regulatory architecture.

Appearing before the Senate Banking Committee, Yellen reiterated her position that the Fed is open to raising the current $50 billion asset threshold for designating banks as systemically important financial institutions, or SIFIs, although she did not provide a number it would be raised to. Policymakers...
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