Berkshire is said to face start of SIFI scrutiny

January 24, 2014 by Ian Katz, Zachary Tracer, Noah Buhayar

(Bloomberg) — Regulators are starting to scrutinize Warren Buffett’s Berkshire Hathaway Inc. to determine whether it is important enough to the financial system to require Federal Reserve supervision, according to two people with knowledge of the matter.

The U.S. Financial Stability Oversight Council staff’s study of Berkshire doesn’t mean the panel is inclined to designate the Omaha, Nebraska-based company, said the people, who requested anonymity because the work isn’t public. Any decision could be months away, they said. The company’s reinsurance operation is the world’s fourth-largest. Click here to read…

Originally Posted at LifeHealthPro on January 23, 2014 by Ian Katz, Zachary Tracer, Noah Buhayar.