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Fortune is washing the exclusionary rules for non-bank by saying the executive administration imposed this rule when it is actually the Board of the Federal Res
by egberts1 4y ago
Fortune is washing the exclusionary rules for non-bank by saying the executive administration imposed this rule when it is actually the Board of the Federal Reserve that imposed the rule:
"Finally, the Board has determined not to impose enhanced prudential
standards on nonbank financial companies supervised by the Board
through this final ($50B stress test) rule."
https://www.govinfo.gov/content/pkg/FR-2014-03-27/html/2014-05699.htm https://www.govinfo.gov/content/pkg/FR-2014-03-27/html/2014-...