Insurers that own depository institutions (DIs), mainly mutual insurers owning savings and loans (S&Ls), have been waiting since the 2010 adoption of the Dodd-Frank Wall Street Reform and Consumer Protection Act for specific...more
On Aug. 20, the Federal Deposit Insurance Corp. (the FDIC) and the Office of the Comptroller of the Currency (the OCC) approved amendments to the Volcker Rule, which restricts banking entities’ ability to engage in...more
On Dec. 18, 2018, the Trump Administration signed a bilateral agreement on prudential insurance matters between the United States and the United Kingdom (the U.S.-U.K. Covered Agreement)....more
1/3/2019
/ Consumer Insurance Products ,
Covered Agreement ,
Dodd-Frank ,
Insurance Claims ,
Insurance Regulations ,
Prompt Payment ,
Prudential Standards ,
Reciprocity Rules ,
Regulatory Oversight ,
Regulatory Requirements ,
Reinsurance ,
U.S. Treasury ,
UK ,
UK Brexit ,
US-EU Covered Agreement
On July 17, the five main federal financial regulatory bodies — the Board of Governors of the Federal Reserve System (the Fed), the Securities and Exchange Commission, the Federal Deposit Insurance Corp., the Commodities...more
8/2/2018
/ Comment Period ,
Covered Banking Entity ,
Covered Funds ,
Dodd-Frank ,
Proprietary Trading ,
Regulatory Agencies ,
Regulatory Agenda ,
Regulatory Oversight ,
Regulatory Requirements ,
Reporting Requirements ,
Volcker Rule
On March 7, 2018, the Housing and Insurance Subcommittee of the U.S. House of Representatives Committee on Financial Services heard testimony on the issue of duplicative regulation of insurers that are also savings and loan...more
The U.S. Department of the Treasury (Treasury) recently released its long-awaited review of the determination and designation processes of the Financial Stability Oversight Council (FSOC), created under the Dodd-Frank Wall...more
On Oct. 26, 2017, the U.S. Treasury Department (Treasury) released the latest installment in a series of reports on financial regulation required by the president’s Feb. 3 executive order on the financial system....more
12/1/2017
/ Asset Management ,
Capital Markets ,
CFTC ,
Commodity Pool ,
Dodd-Frank ,
ETFs ,
Executive Orders ,
Financial Regulatory Reform ,
Insurance Industry ,
Investment Funds ,
Liquidity Risk Management Rule ,
Stress Tests ,
Trump Administration ,
U.S. Treasury ,
Volcker Rule
On Jan. 13, 2017, the U.S. Department of the Treasury and the Office of the U.S. Trade Representative ("USTR") released the terms of the long-awaited covered agreement between the United States and the European Union (the...more
1/28/2017
/ Covered Agreement ,
Dodd-Frank ,
EU ,
Exchange of Information ,
Financial Solvency ,
Insurance Industry ,
Memorandum of Understanding ,
ORSA ,
Preemption ,
Prudential Standards ,
Regulatory Oversight ,
Reinsurance ,
U.S. Treasury ,
USTR