Federal Reserve Board Proposes Rule Related to Designation of Systemically Important Nonbank Financial Companies

February 11, 2011

On February 8, 2011, the Federal Reserve Board issued a notice of proposed rulemaking implementing Section 113 of the Dodd-Frank Act to further identify and define systemically important nonbank financial companies. The Dodd–Frank Wall Street Reform and Consumer Protection Act federal statute in the United States that was signed into law by President Barack Obama…

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