Prudential Financial Loses SIFI Designation

Posted on 10/28/2018


Prudential Financial (PRU) is no longer a systemically important financial institution, or SIFI. The designation was rescinded by the Financial Stability Oversight Council. Prudential has been pushing to escape the designation, which was levied upon it in 2013 as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Prudential, and others, have since […]