Tag Archives: SIFI

This week, the Senate Committee on Banking, Housing, and Urban Affairs invited expert witnesses to discuss the possibility of Fannie Mae and Freddie Mac being designated as Systemically Important Financial Institutions.

At a Senate hearing Thursday, policymakers heard testimony on the Financial Stability Oversight Council’s current oversight of nonbank entities.

Two bipartisan financial services bills aimed at reducing the regulations for banks and increasing the responsibility for designation of nonbanks are now headed for the Senate. How do these bills impact the industry?

The decision to remove the "systemically important" designation from MetLife has been viewed as a victory for opponents of Dodd-Frank Wall Street reform. However, they should not be so quick to celebrate, according to Treasury Secretary Jacob Lew.