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GE Capital seeks to shed ‘too big to fail’ status

Joe Mont | March 31, 2016

One day after a federal judge revoked MetLife’s designation as a “systemically important financial institution” by the Financial Stability Oversight Council, GE—specifically the wholly owned subsidiary GE Capital—is requesting that it also be able to shed the classification and increased regulatory demands that come with being "too big to fail."

“GE Capital believes it poses no threat to U.S. financial stability and, as of today, no longer meets the criteria for designation as a nonbank SIFI,” the company wrote in a letter to FSOC on Thursday. The company was designated as a SIFI...

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