Security guards stand watch outside the JP Morgan Chase & Co annual shareholders meeting in Tampa, Florida. (REUTERS/Steve Nesius)
U.S. Financial Market Regulation
May 16, 2012, Douglas J. Elliott
Testifying before the House Financial Services Subcommittee on Financial Institutions and Consumer Credit, Douglas Elliott describes the systemically important financial institution (SIFI) designation, raising concerns about how regulators will handle non-bank SIFIs while suggesting five core principles to guide the designation process.
Read more