On April 11, 2012, the Financial Stability Oversight
Council (the "Council") gave more shape to the framework of systemic risk
regulation by publishing a final rule (the "Rule") that sets forth the process
for the designation of nonbank financial institutions as systemically
by Daniel F.C. Crowley, Bruce J Heiman, Rebecca
H. Laird, Karishma Shah Page, Andres Gil and Collins R. Clark
On April 3, 2012, the Financial
Stability Oversight Council unanimously approved the release establishing final
rules and guidelines for how it will designate nonbank systemically important...
On April 3, the Federal Reserve Board ("Board") published
a final rule ("Rule") specifying when a financial company that may be made
subject to systemic regulation under Title I of the Dodd-Frank Wall Street
Accountability and Consumer Protection Act ("Dodd-Frank Act"...