Prudential Financial on Thursday advanced to the final stage ofthe government's process for designation as a non-bank systemicallyimportant institution (SIFI), according to several sources.
A Treasury spokesperson says, "The Financial Stability OversightCouncil (FSOC) does not intend to publicly announce the name of anynon-bank financial company that is under evaluation before a finaldetermination with respect to such a company."
But analysts at Washington Analysis say Prudential will likelyjoin American International Group (AIG), MetLife andpossibly the Hartford among insurance companies the FSOCis considering designating as SIFIs.
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