WASHINGTON, July 20 The Federal Reserve on Monday issued a final plan to apply new regulations to General Electric Capital Corp., agreeing to apply its rules in two phases as the company sells off parts of its sprawling business.
GE's financial arm was one of four non-banking companies that U.S. financial regulators deemed a systemically important financial institution (SIFI), a designation that comes with tougher and more costly rules enforced by the Fed to buffer the financial system should the firm collapse.
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