July 31, 2014 / 8:51 PM / 3 years ago

U.S. financial risk council embarks on review of asset managers

WASHINGTON, July 31 (Reuters) - A U.S. regulatory panel tasked with policing the biggest risks to the financial system said on Thursday it plans to launch a “more focused analysis” of the asset management industry.

The Financial Stability Oversight Council also said that it agreed in a closed door meeting not to rescind “systemically important” designations for American International Group and GE Capital.

Both companies were dubbed as systemically important last year, a tag that carries more regulatory scrutiny and oversight by the Federal Reserve. (Reporting by Sarah N. Lynch; Editing by Steve Orlofsky)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below