Image Credit: AfDB Group (Flickr) (CC-BY-2.0)

Image Credit: AfDB Group (Flickr) (CC-BY-2.0)

Economics, Financial Services

9 members of the Senate Banking Committee challenge FSOC’s SIFI designation process

Yesterday, nine members of the Senate Banking Committee sent a letter to Treasury Secretary Jack Lew urging “the FSOC to suspend any further SIFI designation” because “the FSOC is consigning financial firms to stringent regulation by the Federal Reserve without knowing how these firms will be regulated.” read more >