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.
Tarullo reminded the committee, however, that banking regulators are constrained by the structures of the law — the Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank).
There are a number of products insurers develop and underwrite that are not susceptible to a single capital treatment as bank capital would be, Tarullo said in response to a question from Senate Banking Chairman Tim Johnson, D-S.D.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
