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Four US regulators say they'll back Yellen if she seeks to restore SIFI designations

By Neil Roland ( November 15, 2022, 22:29 GMT | Insight) -- Four top US financial regulators said they'll support Treasury Secretary Janet Yellen if she tries to repeal Trump-era guidance that limited government’s authority to subject individual institutions to heightened oversight. Yellen heads the Financial Stability Oversight Council that has the authority to designate firms as systemically important financial institutions. She said in May 2022 that the group is looking “very carefully” at what to do about the restrictive guidance.Four top US financial regulators said they'll support Treasury Secretary Janet Yellen if she tries to repeal Trump-era guidance that limited government’s authority to subject individual institutions to heightened oversight....

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