Close

Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

×

Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

GE Capital breaks free of its SIFI designation

Joe Mont | June 29, 2016

GE Capital breaks free of its SIFI designation

 

GE Capital Global Holdings is no longer a threat to financial stability, according to the Financial Stability Oversight Council. That makes it the first entity to successfully negotiate an exit from what critics derisively describe as the agencies “Hotel California” designation process.

While MetLife prevailed in a lawsuit to shed its designation as a nonbank systemically important financial institution [with the government appealing that decision], GE Capital did so by working within the agencies appeals framework. Having its SIFI status means it will no longer be subjected to heightened capital and regulatory requirements.

The Council...

Buy this article for $49, or subscribe to Compliance Week for a month at $149 and get unlimited article access for 30 days.