Large US nonbanks face ‘bank-like’ regulation
November 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 ...
Plans by US regulators to impose “harmful” long-term debt obligations on large banks have come under attack from industry bodies. The Federal Reserve has published a consultation on ‘living wills’...Read more