Changes to "Too Big to Fail" Treasury Recommends Revisions to Dodd-Frank SIFI Designation Process for Non-Banks (Part 2)

Sykes, Jay B.

Library of Congress. Congressional Research Service.

关键词: Financial institutions;    Legislation;    Banking law;    Bankruptcy;   

RP-ID  :  LSB100040
RP-ID  :  LSB100040_2017Dec01

美国|英语

来源: UNT Digital Library

【 摘 要 】

Second part of a report discussing the Treasury Department's recent report recommending revisions to the Financial Stability Oversight Council's (FSOC's) process for designating non-bank financial institutions as "systematically important financial institutions (SIFI's) also known as "Too Big to Fail" institutions. This part discusses the legal debate over the designation process, the Treasury Department's recommended changes for the process, and how those changes may affect the Senate's consideration of the Financial CHOICE Act of 2017 (which would repeal FSOC's authority to designate non-banks as SIFIs altogether).