What Is China’s Planned Financial Stability Law and How Will It Work? July 3, 2024 China is moving closer to unveiling its financial stability law, which includes setting up a fund to rescue troubled financial...
Treasury Secretary Yellen Says ‘Systemic’ Tag May Not be Right for Asset Managers March 25, 2021 By Saqib Iqbal Ahmed and Kate Duguid Treasury Secretary Janet Yellen said on Wednesday it is important to “look carefully” at systemic risks posed by asset managers,...
Federal Reserve Raises Questions Over Life Insurers’ Risk of Coronavirus Claims November 17, 2020 By Alwyn Scott U.S. life insurers face questions about their ability to cover a sudden rush of claims after the Federal Reserve highlighted...
Global Regulators Delay, Rethink ‘Too-Big-to-Fail’ Designation for Insurers November 15, 2018 By Huw Jones Global insurance regulators will put off singling out insurers deemed so important to the financial system that they are required...
Treasury Erases ‘Too-Big-to-Fail’ Label on Prudential October 18, 2018 By Andrew G. Simpson The Trump Administration has rescinded the systemically risky – or “too big to fail” – designation for Prudential Financial that...
Update: China Plans to Hike Number of Financial Institutions Deemed Too-Big-to-Fail October 10, 2018 By Bloomberg News Chinese authorities said they will designate more financial institutions as systemically important, a sign that policy makers are stepping up...
Oversight Panel Makes No Changes in Systemic Risk Tags on Insurers September 25, 2017 By Pete Schroeder A panel of U.S. regulators decided after meeting on Friday to stick with its existing policy for stricter rules on...
MetLife ‘Too Big to Fail’ Case Remains on Hold Awaiting Trump Weigh-In August 3, 2017 By Lisa Lambert Any legal decision on whether the largest U.S. life insurer MetLife Inc. should be labeled “too big to fail” will...
MetLife’s ‘Too Big to Fail’ Lawsuit on Agenda for U.S. Regulators July 25, 2017 By Lisa Lambert Heads of the U.S. financial regulatory agencies will meet behind closed doors this Friday to discuss MetLife Inc.’s lawsuit against...
Insurers Push to Keep Industry Expert Woodall on U.S. Regulatory Council April 19, 2017 By Sarah N. Lynch and Suzanne Barlyn With no sign of a replacement in the works, the U.S. insurance industry is pushing to prevent the departure of...