Small business need-to-know and news-to-watch……
Excerpt……….Among the “nonbank financial companies” potentially subject to a systemically important designation by the Council are savings and loan holding companies, insurance companies, private equity firms, hedge funds, asset management companies, financial guarantors, and other U.S. and non-U.S. nonbank companies deemed to be “predominantly engaged” in activities that are financial in nature.
Read full article……….via Final Rule on Designation of Systemically Important Companies — The Harvard Law School Forum on Corporate Governance and Financial Regulation.
