Financial Stability Regulators Discuss Debt Limit, Government Shutdown October 10, 2013 By Emily Stephenson U.S. financial regulators discussed the federal debt ceiling and the effect of the government shutdown on market monitoring during a...
Vote on Prudential Systemic Risk Designation Was 7-2 September 23, 2013 Prudential Financial Inc., the second-largest U.S. life insurer, was designated systemically important in a 7-to-2 vote by a council of...
Prudential Designated Systemically Risky, Subject to Federal Reserve Oversight September 20, 2013 By Emily Stephenson Insurer Prudential Financial Inc. said on Thursday that U.S. regulators had voted to designate the company as systemically risky, bringing...
MetLife Says Regulators May Miss Key Insurer Risks with Focus on Bank Rules September 19, 2013 By Zachary Tracer Federal regulators may miss important threats to the financial stability of U.S. insurers by focusing on bank risks, MetLife Inc....
State Insurance Regulators Invoke Jefferson to Limit Federal Role September 18, 2013 By Zachary Tracer State insurance regulators are drawing on the country’s founding principles as they resist international pressure to give the federal government...
Commentary: Does FSOC Understand the Business of Insurance? August 5, 2013 By Michael Nelson The Financial Stability Oversight Council (FSOC) designated AIG as a Systemically Important Financial Institution (SIFI) after determining that “material financial...
Senate Bill Gives Federal Reserve Flexibility on Systemically Important Insurers July 26, 2013 A bipartisan group of U.S. senators is introducing legislation that would give the Federal Reserve more flexibility in regulating systemically...
Fed Approves Process for Designating Nonbanks for Stricter Oversight April 3, 2013 By Emily Stephenson The U.S. Federal Reserve said on Wednesday that it had approved a final rule to clarify the process the new...
Financial Oversight Panel Eyes Prudential As ‘Systemically Important’ October 19, 2012 By Emily Stephenson and Sarah N. Lynch The new U.S. risk council has moved closer to deciding whether Prudential Financial is “systemically important,” a Prudential spokesman said...
AIG Targeted as Likely ‘Systemically Important’ Financial Firm October 2, 2012 Insurance giant American International Group Inc. said that it has received a notice from the Financial Stability Oversight Council (FSOC)...