Prudential Financial said on Monday it had received notice that U.S. regulators proposed declaring the firm is "systemically important," a designation that would bring stricter oversight.
Prudential said in a statement that it was considering whether to contest the proposed designation by requesting a hearing before the Financial Stability Oversight Council.
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A final designation by the council, which is composed of the heads of financial regulatory agencies, would bring the firm under regulatory oversight by the Federal Reserve.
(Reporting by Emily Stephenson; Editing by Gary Hill)