Katherine Mooney Carroll, Patrick Fuller and John Lightbourne

Cleary Gottlieb Discusses FSOC Proposal to Change SIFI Designation Process

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On March 6, 2019, the Financial Stability Oversight Council (“FSOC”) issued new proposed guidance (the “Proposal”) regarding the designation of nonbank financial companies as “systemically important financial institutions” (“SIFIs”).[1] The Proposal makes substantial …