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Nasdaq outage, Prudential status discussed by FSOC9-10-13 5:20 PM EDT
 

WASHINGTON (MarketWatch) -- Federal financial services regulators discussed the appeal of Prudential's (PRU) designation of being a systemically important institution and the outage at the Nasdaq (NDAQ) in August, according to a readout provided by the Treasury Department. The readout of the discussion of the Financial Stability Oversight Council didn't specifically mention Prudential by name, but that's the only firm that has appealed its designation. The chair of the Securities and Exchange Commission, Mary Jo White, gave an update on the Nasdaq halt, and Treasury Sec. Jack Lew provided an update on the need for Congress to raise the debt ceiling to avoid economic and market disruption, the readout said.

-Steve Goldstein; 415-439-6400; AskNewswires@dowjones.com

 

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09-10-13 1720ET

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