On the recordJuly 22, 2014
I don't think that--if that is your major--if that is all you do is asset management or sell life insurance, I don't think you should be a SIFI.
Source
congress.govEditor's note · Context
Frank argues that certain asset managers shouldn't be classified as systemically important financial institutions.
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I do think there is a tendency for an overreach by the FSOC. I do not think straightforward insurance companies or money managers should be covered and regulated as SIFIs.
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