Title

Summary of Federal Reserve Proposed Rule on Definitions Related to Nonbank Financial Companies and Interconnectedness of Systemically Important Firms

Created date

2/9/2011
On February 8, 2011, the Board of Governors of the Federal Reserve System (the "Board") issued a notice of proposed rulemaking and request for comment setting forth suggested definitions of terms that appear in the systemic risk provisions of Title I of the Dodd-Frank Act—"predominantly engaged in financial activities," "significant nonbank financial company" and "significant bank holding company."