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FSOC Staff Meets with Thirteen Industry Groups

FSOC staff met with representatives from thirteen industry groups this week as part of “ongoing efforts to seek input from relevant stakeholders regarding potential changes to the [SIFI designation] process” according to a release from the Treasury Department. The meeting included representatives from:

  • American Council of Life Insurers
  • Americans for Financial Reform
  • American Insurance Association
  • Association of Institutional INVESTORS
  • Better Markets
  • Bipartisan Policy Center
  • Financial Services Roundtable
  • Investment Company Institute
  • Managed Funds Association
  • Property Casualty Insurers Association of America
  • SIFMA Asset Management Group
  • Systemic Risk Council
  • U.S. Chamber of Commerce

 The release also noted that “Council staff has been discussing the process with others, including Congressional staff and previously designated companies” and that FSOC staff intended to continue the outreach. The conversations focused on “engagement with companies under review during Stages 2 and 3 of the process; the annual reevaluations of previously designated companies; and the balance between informing the public of the Council’s work and protecting confidential, market-sensitive information relating to individual companies under consideration.”