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FSOC issues additional details on designation process
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Financial Stability
Friday, June 19, 2015
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Under Section 113 of the Dodd-Frank Act, the Financial Stability Oversight Council has the authority to designate certain nonbank financial institutions as systemically important to U.S. financial stability. The council has provided further guidance on Stage 1 of its designation process, discussing six quantitative thresholds that it uses to identify institutions in need of further review.
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