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On November 25, the Federal Reserve Board (the "Board") released proposed enhanced prudential standards and reporting requirements to be applied to General Electric Capital Corporation ("GECC") and requested public comment on the application thereof
On November 25, the Federal Reserve Board (the
"Board") released proposed enhanced
prudential standards and reporting requirements to be applied to
General Electric Capital Corporation
("GECC") and requested public comment on
the application thereof. GECC is designated by the Financial
Stability Oversight Counsel as a non-bank systemically important
financial institution that needs to be supervised by the Board and
be subject to enhanced prudential standards similar to those
applicable to certain bank holding companies. Release.
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