The U.S. Federal Reserve is considering a proposal for new nationwide insurance capital standards that would rely heavily on the current system of state-based regulations, according to a copy of the plan seen by Reuters and people familiar with the …
The U.S. Federal Reserve is considering a proposal from life insurers that could delay the implementation of a costly nationwide capital framework for the $1 trillion industry, according to records of a recent meeting between the two sides seen by …
MetLife will plead against being branded a super-risky financial firm at a meeting next week with regulators, a company spokesman said, as the U.S. insurer tries to escape oversight by the Federal Reserve. The Financial Stability Oversight Council, a group …
Insurer MetLife said it is exploring ways to fight the U.S. government’s proposal on Thursday to deem it “systemically important” and subject it to stronger regulatory oversight. MetLife is the third insurer to be tapped for such a designation, which …
Insurer American International Group is ramping up its lobbying team in Washington, almost six years after it halted such efforts following its rescue by the U.S. government during the financial crisis. Many large companies deploy a handful of staff to …
The top U.S. regulatory panel tasked with policing the safety of the financial system said on Thursday it is launching a review of potential risks in the asset management industry. But the Financial Stability Oversight Council was unlikely to designate …
The United States and the UK aim to include financial services in a proposed free-trade agreement between Washington and the 27-nation European Union, the British Ambassador to the United States said on Thursday. The accord would aim to smooth out …
Goldman Sachs faced an unprecedented assault from one of its own on Wednesday after a banker published a withering resignation letter in the New York Times, calling the Wall Street titan a “toxic” place where managing directors referred to their …
ING could get a far bigger pay-out if it ditched a plan to spin-off its Asian and European insurance units as a single stock market-listed business and instead chose buyers from a long list of interested parties. A trade sale …
Britain is probing investment banks over insurer Prudential Plc’s failed $35.5 billion bid for rival AIG’s Asian business, AIA, last year, two people familiar with the matter said. The probe, ordered by the Financial Services Authority (FSA), would examine the …
