Fed to study insurance reg rules
September 30, 2014 by Arthur D. Postal
The Federal Reserve Board announced that it will be seeking detailed financial and other data from the insurance companies and insurers with thrifts it regulates as it starts the process of tailoring its regulatory metrics to coincide with its mandated role of overseeing them.
Sources familiar with the Fed’s thinking said it will be a voluntary data collection from insurance companies designated as systemically significant and insurance companies designated savings and loan holding companies.They will be asked to fill out the questionnaire, provide data for us, which we’ll then aggregate and use to evaluate the agency’s options for a capital regime under the Collins amendment,” according to sources. Click here to read…