Traders work on the floor of the New York Stock Exchange (REUTERS/Chip East).
Regulating Systemically Important Financial Institutions That Are Not Banks
May 9, 2013,
The Dodd-Frank Act requires federal regulators to name financial institutions that are “systemically important” (SIFIs), subjecting them to greater scrutiny and tighter monitoring by regulators. Doug Elliott explains how authorities should decide which financial institutions other than banks should be designated as SIFIs and offers proposals on how they should be regulated.