US Watchdogs Propose Tighter Oversight of Nonbanks Posing Systemic Risk

Bloomberg, Apr. 21, 2023–Viktoria Dendrinou, Allyson Versprille
The top US financial regulators proposed strengthening tools for addressing threats to financial stability, including changes to Trump-era guidance that had made it difficult to tag nonbank firms as systemically important institutions. Treasury Secretary Janet Yellen on Friday announced a proposal by the Financial Stability Oversight Council that would revise the way nonbank firms are designated.