Prudential Financial Contests SIFI Designation

Prudential Financial Inc (NYSE:PRU) in its 8-K filing, contested the Financial Stability Oversight Council move to designate is as systematically important.

The No. 2 U.S. life insurer received notice of a proposed determination by the FSOC that the company should be subject to stricter prudential regulatory standards and supervision by the Board of Governors of the Federal Reserve System.


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