Well, here's where I commented when it happened. It meant to me (a nonfinancial person) that the Federal Reserve has to make an an operational change to expand coverage of themselves...so to speak.

https://greatawakening.win/p/12hReMbM1a/federal-reserve-board-announces-/c/

Consistent with FDICIA's goals of reducing systemic risk and increasing efficiency in the financial markets, the Board's final rule expands the definition of financial institution to ensure that certain entities qualify as financial institutions, including swap dealers and security-based swap dealers; major swap participants and major security-based swap participants; nonbank systemically important financial institutions; certain financial market utilities; foreign banks; bridge institutions; qualifying central counterparties; the Bank for International Settlements; foreign central banks; and Federal Reserve Banks.

Well, here's where I commented when it happened. It meant to me (a nonfinancial person) that the Federal Reserve has to make an an operational change to expand coverage of themselves...so to speak.

https://greatawakening.win/p/12hReMbM1a/federal-reserve-board-announces-/c/