Industry representatives made their case to a Senate committee that "bank-centric" rules should not apply to federally regulated insurers, but others warned against providing a "wholesale carve-out" for insurers that could lead to systemically risky behavior.
Industry representatives made their case to a Senate committee that "bank-centric" rules should not apply to federally regulated insurers, but others warned against providing a "wholesale carve-out" for insurers that could lead to systemically risky behavior.
The Federal Reserve Board is seeking to become one of the many U.S. members of the International Association of Insurance Supervisors, according to sources.
The Federal Reserve Board is seeking to become one of the many U.S. members of the International Association of Insurance Supervisors, according to sources.
In U.S. Senate Banking Committee testimony this week, Federal Reserve Board Gov. Daniel K. Tarullo offered a few insights to the Federal Reserve as it develops capital rules for insurers under its oversight.
In U.S. Senate Banking Committee testimony this week, Federal Reserve Board Gov. Daniel K. Tarullo offered a few insights to the Federal Reserve as it develops capital rules for insurers under its oversight.
The insurance industry is helping birth new legislation that would address one of the most vexing issues for insurers in the Federal Reserve's stable of supervision.
The insurance industry is helping birth new legislation that would address one of the most vexing issues for insurers in the Federal Reserve's stable of supervision.