Treasury Secretary Worries About Leverage at Life Insurers

May 17, 2022 by Allison Bell

Federal regulators could try to regain their authority over nonbank financial institutions that look as if they could hurt the U.S. financial system.

Treasury Secretary Janet Yellen talked about regulators’ thoughts on designating some nonbanks as “systemically important financial institutions,” or SIFIs, on Tuesday at a Senate Banking Committee hearing on the Financial Stability Oversight Council’s annual report to Congress.

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Originally Posted at ThinkAdvisor on May 15, 2022 by Allison Bell.