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Bill would require review of alternatives before SIFI designation

Monday, March 18, 2019   (0 Comments)
Posted by: Amanda Averch
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A Senate bill with bipartisan backing seeks to make it mandatory for the Financial Stability Oversight Council to look into other options before designating a nonbank a systemically important financial institution. Sen. Mike Crapo, R-Idaho, chairman of the Senate banking committee, said the proposal would improve the council's transparency and effectiveness.

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