FSOC's Proposed Rules for SIFI Designations
Client Memorandum

Created date

The Financial Stability Oversight Council recently approved a proposed rule and guidance setting out the metrics and process it would use to designate a nonbank financial company as systemically important under the Dodd-Frank Act. Despite the addition of metrics, and a description of the three-stage designation process, the proposed rule is substantially similar to the much-criticized proposed rule issued in January 2011.