Prudential to remain systemically important firm

The Financial Stability Oversight Council upheld its decision to label Prudential Financial a systemically important financial institution, according to a regulatory filing by the firm. After failing in its initial challenge of the designation, Prudential can either accept the decision or challenge it in court. "We are currently reviewing the rationale for the determination and our options," said Bob DeFillippo, Prudential's chief communications officer.

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