Marion Leydier, William Torchiana, Samuel Woodall, Roderick Gilman and Jeremy Knobel

Sullivan & Cromwell Discusses FSOC Changes to Nonbank SIFI-Designation Guidance

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On December 4, 2019, the Financial Stability Oversight Council (the “Council”) voted unanimously to finalize amendments to its interpretive guidance (the “Final Guidance”) on designating nonbank financial companies as “systemically important financial institutions” (“SIFIs”).…