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.
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