Dalia O. Blass, Jay Clayton, H. Rodgin Cohen, Eric M. Diamond and Marion Leydier

Sullivan & Cromwell Discusses Revised FSOC Guidance on Nonbank SIFI Designations

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On November 3, 2023, the 10 voting members of the Financial Stability Oversight Council (“FSOC” or “Council”)[1] voted unanimously to finalize (1) amendments to its existing interpretive guidance (“2019 Interpretive Guidance”)[2] governing …