US to Make It Harder to Label Non-Banks ‘Too-Big-To-Fail’

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Trump’s Second Term:Top US financial officials unveiled a proposal for non-bank firms to face a higher bar for regulators to potentially tag them as too-big-to-fail.The Financial Stability Oversight Council voted on Wednesday to scale back a Biden-era framework for designating hedge funds and investment companies as systemically important. That tag, which can bring significant compliance costs and place firms under Federal Reserve supervision, has mostly been applied to large Wall Street banks since its introduction more than a decade ago.