Council identifies non-bank financial companies for additional supervision

hurley11-150x150Washington Post
Cornelius Hurley, School of Law, Center for Finance, Law & Policy

A government panel voted on Monday to place large non-bank companies that pose risks to the financial system under stricter supervision…

Expert quote:

“We’ll have only a quasi-capitalist system if only the largest firms have a lower cost of debt because of the risk they pose.”

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