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A member of Congress is demanding that the New York Federal Reserve Bank share with him any information provided by the Bank to members of the FSOC regarding the process of designating non-banks as SIFI.

A member of Congress is demanding that the New York Federal Reserve Bank share with him any information provided by the Bank to members of the FSOC regarding the process of designating non-banks as SIFI.

The P&C industry urged the House in the strongest terms Tuesday to significantly amend its version of the TRIA legislation reauthorizing a federal backup for terrorism risk insurance.

The P&C industry urged the House in the strongest terms Tuesday to significantly amend its version of the TRIA legislation reauthorizing a federal backup for terrorism risk insurance.

From movement on the TRIA front, to a battle between Endurance Specialty Holdings and Aspen Insurance Holdings over the formers hostile bid for the latter, to a warning from Warren Buffett on the volatility of insuring against hurricanes, the month of June offered up some interesting quotes on key issues.

Sen. Schumer says the House's TRIA bill is a "backwards approach." Industry groups worry about the impact on availability. But most are relieved there is at least progress in renewing the program that expires Dec. 31.

Sen. Schumer says the House's TRIA bill is a "backwards approach." Industry groups worry about the impact on availability. But most are relieved there is at least progress in renewing the program that expires Dec. 31.

A divided House Financial Services Committee advanced to the House floor today legislation that sets a path to phase out, after five years, the federal backup for terrorism risk insurance for attacks except for NBCR events. Legislation establishing NARAB was attached to the bill.