(Reuters) – The U.S. risk council is looking to determine whether Warren Buffett's Berkshire Hathaway Inc could be systemically important, a tag that would subject it to stricter regulatory oversight, Bloomberg reported, citing two people familiar with the matter.
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.
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