(Reuters) - The U.S. risk council is looking to determine whether Warren Buffett's Berkshire Hathaway Inc
The U.S. Financial Stability Oversight Council's (FSOC) study of Berkshire may not mean the panel is inclined to designate the Omaha, Nebraska-based company, Bloomberg said. (http://link.reuters.com/guh36v)
Berkshire was not immediately available to comment, while the U.S. Treasury declined to comment.
The council, led by Treasury Secretary Jacob Lew, is evaluating which non-bank financial companies could threaten financial stability if they were to fail, Bloomberg reported.
The council in July designated insurer American International Group
The risk council, which includes the heads of other financial regulatory agencies, is a relatively new federal body that is testing its powers under the 2010 Dodd-Frank financial reform law.
After a number of non-bank firms struggled during the 2007-2009 financial crisis, Dodd-Frank gave the regulatory council the power to identify potentially risky non-bank firms and regulate them more like banks.
(Reporting by Avik Das in Bangalore; Editing by Maju Samuel)