On November 3, 2023, the Financial Stability Oversight Council (“FSOC”) finalized new procedural guidance for its use of one of its most consequential authorities: its ability to designate nonbank financial companies as “systemically important financial institutions” (“nonbank SIFIs”). Designation as a nonbank SIFI subjects a nonbank company to Federal Reserve supervision and prudential standards.
This new guidance replaces guidance that FSOC issued in 2019—and makes it significantly easier for FSOC to designate companies as nonbank SIFIs.
The webinar provided an update on FSOC, including insights and reflections on the new guidance and its potential practical effects and implications for LSTA members and the market generally.
EVENT DETAILS
Thursday, January 11, 2024
4PM to 5PM (ET) | Webcast Only
Presentation & Replay | Now Available to our Members | Scroll Down to View and Download
**NYS 1.0 CLE Credit Will Be Issued | CLE Will Not Be Issued for Replay
SPEAKERS
- Jeffrey T. Dinwoodie, Partner, Cravath, Swaine & Moore LLP
- Matthew M. Kelly, Partner, Cravath, Swaine & Moore LLP
** For Other Jurisdictions, Attorneys Must Apply for CLE Credit Individually
