Large US nonbanks face ‘bank-like’ regulation
By Ellesheva KissinNovember 13, 2023
US nonbanks can now be labelled “systemically important” in a huge policy reversal that will finally bring asset managers, hedge funds, giant insurers and all manner of shadow banks under more comprehensive scrutiny.
The Financial Stability Oversight Council — an overarching body for US financial regulators overseen by ...
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