The 2019 guidance prioritized an activities-based approach and contemplated entity-specific determinations only in rare instances. It does not designate any of the Big Three.
This final interpretive guidance […] describes the approach the Council intends to take in prioritizing its work to identify and address potential risks to U.S. financial stability using an activities-based approach.
PDF pp.1, 75
The 2019 guidance prioritized an activities-based approach and contemplated entity-specific determinations only in rare instances. It does not designate any of the Big Three.