Bank and non-bank SIFI designations are not only domestically designated but can be INTERNATIONALLY designated as well by outsiders. Businesses can receive SIFI designation from international channels, not just domestic FSOC (Financial Stability Oversight Council). Once a business is designated a SIFI (Systemically Important Financial Institution), a whole new level of regulations kicks in restricting their operations in the free market, a pseudo INTER-NATIONALIZATION if you will.