Prudential Financial designated 'too big to fail'

GMT 13:48 2013 Friday ,20 September

Arab Today, arab today Prudential Financial designated \'too big to fail\'

Arab Today

US regulators on Friday named insurer Prudential Financial to its list of "too-big-to-fail" institutions, the third non-bank placed under a tighter regulatory regime to reduce risks to the financial system. The Financial Stability Oversight Council's move subjects Prudential to tougher regulatory standards also applied to the country's largest banks.

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