10.15.18
Regulators Consider Relieving Prudential of Federal Oversight
by: Ryan Tracy; Leslie Scism
The Financial Stability Oversight Council is considering whether to remove Prudential Financial's designation as a “systemically important financial institution” (SIFI). A vote on the matter could come at the council's scheduled meeting Tuesday, say insiders. The Treasury Department last year described SIFI designations as a “blunt instrument” and recommended that regulators focus on curbing risky activities outside the banking sector, rather than on regulating individual firms.
Read the full article on Wall Street Journal