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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...

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