U.S. Regulators: GE Capital No Longer Systematically Important To The Financial System
June 29, 2016
GE Capital became the first financial institution to shed its designation as systematically important to the financial system. The U.S. Financial Stability Oversight Council (FSOC) removed the GE finance unit’s designation as a Systemically Important Financial Institution (SIFI) yesterday. The decision means the Federal Reserve will no longer regulate GE Capital as a nonbank SIFI.
