The Financial Stability Oversight Council (FSOC) on April 3 approved the final regulation governing the factors it will use to determine whether an insurer is "systemically significant."
The final rule is consistent with the regulation proposed by the FSOC in November. The new agency unanimously passed the rule.
One change in the final rule from the earlier proposal is that it clarifies the applicability of the confidentiality provisions to information collected by the FSOC as part of the determination process.
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