A panel of U.S. financial regulators said March 13 that it would grant hearings to bank holding companies seeking to escape their designation as systemically important, and the enhanced regulatory supervision that comes with it.
The Financial Stability Oversight Council (FSOC) said in a draft Federal Register notice that it would grant hearings to bank holding companies that want to show significant changes to their corporate structure and balance sheets that could allow the firms to get out of extra capital and other standards.
The changes took effect immediately, but the FSOC, which is currently chaired by ...
Learn more about Bloomberg Law or Log In to keep reading:
Learn About Bloomberg Law
AI-powered legal analytics, workflow tools and premium legal & business news.
Already a subscriber?
Log in to keep reading or access research tools.