The DOL has issued technical corrections specifically clarifying whether insurance companies can use the best interest contract exemption as well as principal transaction exemption clarifications.
Prices may fall as much as 5% in the next 12 months amid tightened regulations, a wall of debt maturities and property sales by publicly traded landlords.
The biggest and most complex U.S. insurance firms are in line to face capital standards that are simpler and less costly than those imposed on Wall Street banks, Federal Reserve Governor Daniel Tarullo said Friday.