Simpson Thacher in the News
Go Back
Keith Noreika Quoted in S&P Global Market Intelligence on the Fed’s Adjusted Oversight of G-SIBs
02.02.21
This is only gets display when printing
Partner Keith Noreika was quoted in an article by S&P Global Market Intelligence titled, “Fed's tailored approach to European banks will level playing field in US.” The article analyzed the Federal Reserve's adjustment to the oversight of four European Global Systemically Important Banks (G-SIBs) operating in the U.S., subsequently removing them from the portfolio overseen by its Large Institution Supervision Coordinating Committee (LISCC). When discussing how this tailored supervision of foreign banks' U.S. operations aims to foster more competition in the U.S. financial markets, Keith noted, “The U.S. arguably has the most vibrant capital markets in the world and there is a recognition by the U.S. authorities that they would like to have the foreign banks here.”
To read the full article, please click here (subscription required).