The U.S. Financial Stability Oversight Council's
(FSOC) study of Berkshire may not mean the panel is inclined to
designate the Omaha, Nebraska-based company, Bloomberg said.
Berkshire was not immediately available to comment, while the
U.S. Treasury declined to comment.
The council, led by Treasury Secretary Jacob Lew, is evaluating
which non-bank financial companies could threaten financial
stability if they were to fail, Bloomberg reported.
The council in July designated insurer American International
Group <AIG.N>, GE Capital <GE.N> and Prudential Financial Inc <PRU.N>
as systemically risky, thus bringing them under stricter
The risk council, which includes the heads of other financial
regulatory agencies, is a relatively new federal body that is
testing its powers under the 2010 Dodd-Frank financial reform
After a number of non-bank firms struggled during the 2007-2009
financial crisis, Dodd-Frank gave the regulatory council the
power to identify potentially risky non-bank firms and regulate
them more like banks.
(Reporting by Avik Das in Bangalore;
editing by Maju Samuel)
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