Financial Stability Oversight Council Issues Proposal on Designation of Systemically Important Firms, Volcker Rule Study and Study on Financial Sector Concentration Limits

28 January 2011
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The client memo discusses the Financial Stability Oversight Council's recent release of: a proposed rule regarding the designation of U.S. and foreign nonbank financial companies as systemically important; a study and recommendations for the regulatory agencies that are responsible for implementing the Volcker Rule; and, a study and recommendations on the Dodd-Frank Act's concentration limit applicable to certain financial companies.