Date: January 15, 2015
Issue: FSOC
To: The Honorable Matthew Rutherford and Mr. Patrick Pinschmidt
Filing Type: Regulatory
Description: The CCMC supports efforts to monitor and address systemic risk. We have been dismayed by the level of transparency surrounding the Systemically Important Financial Institution (“SIFI”) designation process both as to the companies involved in the process and the public generally. We believe all parties would benefit from efforts to improve the fairness and due process afforded to companies that have or will be designated as SIFIs by the FSOC.