All material subject to strictly enforced copyright laws. © 2022 Euromoney Institutional Investor PLC group

“We’re quite clearly opposed [to the Tier 1 reforms]…These [organizational] structures were certainly not a cause of the crisis, and the proposal would also unnecessarily affect important sources of lending at a time when the country needs lending.”

—Brackett Denniston, general counsel at GE Capital, on why the firm is lobbying against proposed U.S. regulations that would subject companies with finance-related subsidiaries to bank-like capital requirements.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree