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Bill Would Free Insurance Firms from Bank Capital Rules of Insurance Products at Dyman and Associates

eBook (PDF), 3 Pages
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Price: $8.99
The U.S. lawmaker who wrote a Dodd-Frank Act provision that imposes bank-like capital standards on the insurance industry introduced legislation to ease the requirements. Senator Susan Collins, a Maine Republican, said at a Senate Banking subcommittee hearing today that her 2010 provision was not intended to subject insurance companies to the same capital and liquidity standards as banks. “While it is essential that insurers subject to Federal Reserve Board oversight be adequately capitalized,” Collins said at the hearing, “it would be improper, and not in keeping with Congress’ intent, for federal regulators to supplant state-based insurance regulation with a bank-centric capital regime for insurance activities.” The provision of the Dodd-Frank overhaul of U.S. financial regulation requires the Fed to set minimum capital and leverage standards on non-bank firms, including insurance companies like Prudential Financial Inc. (PRU: US)
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Product Details

ISBN
9781304947208
Edition
2nd Edition
Published
March 17, 2014
Language
English
Pages
3
File Format
PDF
File Size
192.46 KB

Formats for this Ebook

PDF
Required Software Any PDF Reader, Apple Preview
Supported Devices Windows PC/PocketPC, Mac OS, Linux OS, Apple iPhone/iPod Touch... (See More)
# of Devices Unlimited
Flowing Text / Pages Pages
Printable? Yes
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