EU officials will soon make several decisions whether to grant U.S. insurance regulation “equivalence” with the EU’s new insurance regulatory and capital regime.
BPC’s Financial Regulatory Reform Initiative highlights news articles, papers and other important work which illuminate current and new thinking within financial regulation.
The Financial Stability Oversight Council is set to meet this coming Monday, October 6. The Council’s agenda includes a continuation of its work in three important areas: designating non-bank firms as systemically important financial institutions (SIFIs), asset management, and improving financial data quality and removing data gaps. With news Friday of MetLife’s request for a hearing to contest its proposed designation as a SIFI, the meeting takes on heightened interest.
Over a quarter – and possibly closer to a third, depending on the measurement adopted – of the insurance industry is now subject to examination and regulation by the Federal Reserve.