Treasury Secretary Jacob Lew (AP Photo/Manuel Balce Ceneta)
(Bloomberg) — The Financial Stability Oversight Council Thursday discussed by telephone the process for designating non-bank financial companies systemically important and the “current market environment,” the Treasury Department said in a statement.

The council of financial regulators, led by Treasury Secretary Jacob J. Lew, also discussed “international developments on insurance matters,” according to the statement. The Treasury didn’t elaborate on details of the discussions.

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