FSOC News

FSOC’s Insurance Expert Woodall Approved As International Regulatory Observer

Roy Woodall, the insurance sector voting member of the Financial Stability Oversight Council, will finally be getting involved in the International Association of Insurance Supervisors (IAIS) but as an observer, not a member, for now. Members, generally supervisors in their …

Senate Bill Gives Federal Reserve Flexibility on Systemically Important Insurers

A bipartisan group of U.S. senators is introducing legislation that would give the Federal Reserve more flexibility in regulating systemically important insurance companies such as American International Group Inc. The Senate bill, whose sponsors include Ohio Democrat Sherrod Brown and …

Financial Oversight Panel Eyes Prudential As ‘Systemically Important’

The new U.S. risk council has moved closer to deciding whether Prudential Financial is “systemically important,” a Prudential spokesman said on Friday, a tag that would translate into greater regulatory scrutiny for the second-largest U.S. life insurer. The 2010 Dodd-Frank …

More Transparency Urged for U.S. Financial Oversight Units

The new U.S. financial risk council should publicly share more details about its closed-door meetings on emerging risks to markets, a congressional watchdog report has found. The Government Accountability Office said the Financial Stability Oversight Council, a group made up …

Moody’s Reports on Proposed Systemic Risk Rules for Insurers

A key ratings agency says that recently proposed guidelines for identifying which insurers would qualify as systemic risks represent an important first step in improved federal regulation of financial institutions. The proposed guidelines from the Financial Stability Oversight Council (FSOC), …

U.S. to Reveal Criteria for Systemic Risk Insurers Today

U.S. regulators Tuesday are set to give nervous insurance companies, mutual funds and other big players in financial markets a better idea of whether they will be tapped for the same type of additional government scrutiny facing large U.S. banks. …

Insurers Urge Senate OK for Insurance Rep on Financial Council

The Senate Banking Committee is today considering the nomination of a key insurance member to the new federal board that deals with the financial system and matters of systemic risk. President Barack Obama has nominated a former Kentucky insurance commissioner, …