FSOC Identifies Prudential As Non-Bank SIFI

by Sabrina I. Pacifici on September 19, 2013

Prudential Financial, Inc.  confirmed today that it has been notified by the Financial Stability Oversight Council (FSOC) that the company has been designated a systemically important financial institution by a final vote. Under the Dodd-Frank Wall Street Reform and Consumer Protection Act, Prudential has 30 days to consider its response to FSOC’s determination.”

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