Daily News: December 1, 2014

Fed Proposes Stringent Regulatory Standards for GE Capital

According to a Zacks Equity research paper the Federal Reserve has devised a set of stringent regulations for GE Capital as if it were a bank holding company, with added governance rules tailored in accordance with its unique structure and profile.

Zacks notes that GE Capital is one of the non-bank firms that are believed to be critically important to the wellbeing of the financial system.

Zacks said the Fed was obligated to enforce tougher capital, liquidity and other rules for GE Capital after a group of U.S. regulators designated the firm as “systemically important” last year.

To read the entire report, click here.