Accurate, Focused Research on Law, Technology and Knowledge Discovery Since 2002

FSOC Identifies Prudential As Non-Bank SIFI

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.”

Leave a reply