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US congressional committee blasts Sifi designation process

US lawmakers and insurance regulators are increasingly critical of the extent to which the Financial Stability Board might be influencing the designation of US systemically important financial institutions

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US insurance regulators and lawmakers are demanding to know more about how the Financial Stability Board (FSB) designates non-bank globally systemically important financial institutions (G-Sifis) amid concerns that FSB decisions are influencing the designation process for US systemically important financial institutions (Sifis).

The US House of Representatives Committee on Financial Services sent

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