#designation

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3 05, 2023

SIFI35

2023-05-03T17:04:05-04:00May 3rd, 2023|1- Financial Services Management|

Nonbank SIFI Designation

In concert with proposing a new systemic-risk methodology, the Financial Stability Oversight Council sought comment on guidance that significantly rewrites the manner in which nonbanks are designated as systemically important financial institutions (SIFIs).  The new approach retracts key aspects of the Trump FSOC’s approach, for example eliminating the necessity of determining if a possible designee is likely to fail and what the costs and benefits of new systemic standards are likely to be.  Although the new approach retains numerous procedural opportunities for the possible designee to know of and protest action, these and other changes make designation more likely.  Should it occur, the SIFI would then be regulated by the Federal Reserve at considerable cost to current business models but potential benefits to financial stability.

SIFI35.pdf

3 05, 2023

FedFin on: Nonbank SIFI Designation

2023-05-03T17:03:24-04:00May 3rd, 2023|The Vault|

In concert with proposing a new systemic-risk methodology, the Financial Stability Oversight Council sought comment on guidance that significantly rewrites the manner in which nonbanks are designated as systemically important financial institutions (SIFIs).  The new approach retracts key aspects of the Trump FSOC’s approach, for example eliminating the necessity of determining if a possible designee is likely to fail and what the costs and benefits of new systemic standards are likely to be.  Although the new approach retains numerous procedural opportunities for the possible designee to know of and protest action, these and other changes…

The full report is available to retainer clients. To find out how you can sign up for the service, click here and here.…

21 11, 2022

GSE-112122

2022-11-21T16:42:15-05:00November 21st, 2022|4- GSE Activity Report|

We’re Starting to See SIFIs

As came out into the open last week, FSOC will finally turn to rewriting the Trump era rewrite of the Obama Administration’s FSOC protocols regarding systemic financial institutions and activities.  Could the SIFI reaper be coming for Fannie and Freddie?  We doubt it, but then again…

GSE-112122.pdf

21 11, 2022

FedFin: We’re Starting to See SIFIs

2022-11-22T13:21:33-05:00November 21st, 2022|The Vault|

As came out into the open last week, FSOC will finally turn to rewriting the Trump era rewrite of the Obama Administration’s FSOC protocols regarding systemic financial institutions and activities.  Could the SIFI reaper be coming for Fannie and Freddie?  We doubt it, but then again…

The full report is available to subscription clients. To find out how you can sign up for the service, click here.…

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