In IFLR, Investment Management Counsel David Tittsworth Discusses SIFI Redefinitions by FSOC

In The News
October 29, 2018

An Oct. 29 article published by International Financial Law Review titled “Prudential de-designation ushers in new era for Sifis” examines the impact of the Financial Stability Oversight Council’s decision to de-designate insurance, investment management and financial services company Prudential as a systemically important financial institution. The article quotes investment management counsel David Tittsworth. "The next move is for FSOC to follow through with the reformation of the non-bank Sifi process, to enact more process orientated procedures like providing an off-ramp in case of an opportunity in the first instance," states Mr. Tittsworth.