Bloomberg reported the Federal Reserve said it plans to oversee GE Capital Corp. in a similar manner to the way it supervises large bank-holding companies.
According to the Bloomberg report, the Fed asked for public comment today on its regulation of GE Capital Corp., which was designated as systemically important by the Financial Stability Oversight Council in 2013.
The company would be subject to big-bank requirements on “risk-based and leverage capital, capital planning, stress testing, liquidity and risk management,” the U.S. central bank said in a statement.
The Fed will take public comments for 60 days after the proposal is published in the Federal Register.
To read the full Bloomberg report, click here.