Prudential Financial Sifi appeal ‘futile’


US insurer Prudential Financial's attempt to challenge its status as a non-bank systemically important financial institution (Sifi) will ultimately prove ineffectual, claim lawyers.

On Tuesday July 2, Prudential Financial announced it had submitted a request to the US Treasury's Financial Stability Oversight Council (FSOC) for a private hearing to appeal the proposed designation.

It is the first US firm to contest a Sifi designation by the FSOC.

But legal experts say the challenge is likely to

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: