Skip to main content


June 16, 2014

SEC Fights Back Against Asset Manager ‘SIFI’ Label

“Pushback by the Securities and Exchange Commission is complicating a regulatory effort to investigate whether large asset managers should be labeled “systemically risky.”

“Chairman Mary Jo White and other top SEC officials have voiced skepticism of the idea, joining lawmakers from both political parties who suggest it is unnecessary. Their intervention has significantly bolstered efforts by the financial services industry to slow down the process by the Financial Stability Oversight Council to examine the issue.

“‘Everyone is throwing money at it,’ said Kip Weissman, a partner at Luse Gorman Pomerenk & Schick. ‘It’s a big issue for banks. It’s a big issue for asset managers.’

“SEC officials’ involvement raises a critical question: How influential can a primary regulator be when it comes to designating firms it regulates as a systemically important financial institution? Although FSOC has already designated three insurance companies as SIFIs, there was no federal insurance regulator to weigh in on the matter.”


Read full American Banker article here (subscription required)

In the News


For media inquiries, please contact us at or 202-618-6433.

Contact Us

For media inquiries, please contact or 202-618-6433.

To sign up for our email newsletter, please visit this page.

This field is for validation purposes and should be left unchanged.

Sign Up — Stay Informed With Our Monthly Newsletter

"* (Required)" indicates required fields

This field is for validation purposes and should be left unchanged.

For media inquiries,

please contact or 202-618-6433.


Help us fight for the public interest in our financial markets, protecting Main Street from Wall Street and avoiding another costly financial collapse and economic crisis, by making a donation today.

Donate Today