Aug
21
“The decision falls to a new council of 10 regulators, led by the Treasury Department, which gained authority to tap firms as systemically important but has yet to offer real guidance as to what criteria will be used to define the term. Companies can be designated based on their size as well as how “interconnected” they are with other large financial companies, an issue banks are likely to raise as they push for some of their competitors to face the same regulations they must follow.”
Regulators Begin Process of Labeling the ‘Systemically Important’ - WSJ.com
