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This past week saw multiple industry-related quotes out of Washington, as well as multiple quotes on cyber issues.

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 House Financial Services Committee is moving to effectively shut down the operations of the FSOC for at least six months by barring it from designating any financial institution as systemically significant.

Efforts are now underway to push legislation through the Senate on an expedited basis that would clarify that the Federal Reserve Board can apply insurance-based capital standards to the insurance portion of any insurance holding company it oversees.

Tom Sullivan, former Connecticut insurance commissioner, has been named senior advisor for insurance to the Board of Governors of the Federal Reserve System.

Insurance industry trade groups Tuesday urged Congress to promptly pass legislation designed to partly roll back federal authority to oversee or monitor insurance companies enacted as part of the Dodd-Frank financial reform act.

U.S. Sen. Susan Collins attempted to clarify her amendment to the Dodd-Frank Act last week through statements to a Senate committee and the introduction of legislation, moves that Moody's says is credit positive for systemically important insurers.