NCUA’s Matz hammered on SIFI designations

first_img 2SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr During a hearing on oversight of the Financial Stability Oversight Council, Republicans on the House Financial Services Committee called for transparency and singled out regulators on non-bank Systemically Important Financial Institution designations of insurance companies.In a call for transparency, committee Chairman Jeb Hensarling (R-Texas) in his opening statement called the FSOC a shadow regulatory system that holds secretive government meetings, applies arbitrary rules and has unchecked power to punish or reward. continue reading »last_img