systemically important News
FSOC Leaves SIFI Labels Unchanged
A panel of U.S. regulators decided after meeting on Friday to stick with its existing policy for stricter rules on a handful of large financial institutions it deems "systemically important." The ...
Efforts to Shake G-SII Tags May be Futile: S&P
Global insurers that have been tagged as systemically important by the Financial Stability Board may not help their cause by breaking up lines of business in efforts to de-designate themselves, ...
U.S. Treasury Secretary to Defend FSOC Work at Congressional Hearing
U.S. Treasury Secretary Jacob J. Lew pushed back against Republican efforts to curtail the work of a council of regulators charged with preventing another financial crisis and said a failure to ...
FSOC Faces Balancing Act on Transparency: Treasury Official
A U.S. Treasury official pushed back against criticism by some Republican lawmakers that the process for deciding whether financial companies pose a potential risk to stability lacks transparency. ...
House Committee Votes on TRIA With NARAB Amendment, FSOC Moratorium
The Republican House Financial Services Committee (HFSC) voted 32-27 in a party line split Friday morning to renew the Terrorism Risk Insurance Program (TRIA) for five years, sending the measure to ...
G-SII Designations Might Fuel Restructurings: S&P
New requirements that will be imposed on insurers that the Group of 20's Financial Stability Board has designated to be global systemically important insurers may motivate G-SII restructurings down ...
Fitch Sees Limited Credit Improvement For G-SIIs; Predicts Some Will Work To Get Off List
Reacting to the Financial Stability Board's identification of nine global systemically important insurers, Fitch Ratings sees only a "modest improvement" in the insurers' credit profiles, with higher ...