WASHINGTON — Hedge funds, private-equity firms, insurance companies and other nonbanks are sending a clear message to the interagency council tasked with identifying systemically important institutions: don't look at us.

In dozens of comment letters to the Financial Stability Oversight Council, a parade of nonbank companies and their representatives warned that designating companies as systemically important could do more harm than good, damaging individual business models and the entire financial system.

Register or login for access to this item and much more

All Bank Investment Consultant content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access