World leaders are expected to take a softly-softly approach to regulating the so-called shadow banking sector when they meet in Russia next month to avoid damaging the flow of finance to the global economy. While governments have cracked down on …
The Financial Stability Oversight Council voted to move a group of non-banking financial companies forward in a process that will determine whether they are so big their failure would destabilize the economy, a Treasury Department spokesman said on Friday. During …
The next time a big bank or financial firm fails, regulators hope to avoid a major blow to the economy by seizing the firm’s parent company while allowing its healthy subsidiaries to continue operations, the head of the Federal Deposit …
The Swiss-based insurance think tank Geneva Association has followed up on its recent report as to whether or not some insurers should be considered as G-SIFI’s (globally systemic important financial institutions). The Association has sent a letter to the Federal …
A report from the Geneva Association, “Reflections on a High-Quality G-SIFI Designation Process in Insurance,” authored by Daniel Haefeli and Patrick M. Liedtke, gives some meaningful insights into the process of defining what is – and is not – a …
A key ratings agency says that recently proposed guidelines for identifying which insurers would qualify as systemic risks represent an important first step in improved federal regulation of financial institutions. The proposed guidelines from the Financial Stability Oversight Council (FSOC), …
Only two life insurers — MetLife Inc.. and Prudential Financial Inc. — meet the newly developed requirements to be considered “systemic” and regulated as such, KBW analysts said Wednesday. The Financial Stability Oversight Council Tuesday proposed a three-stage test to …
U.S. regulators pondering which non-bank financial firms are large enough to warrant additional oversight have proposed a $50 billion asset threshold in conjunction with levels of debt and derivatives. The Financial Stability Oversight Council on Tuesday agreed to issue for …
U.S. regulators Tuesday are set to give nervous insurance companies, mutual funds and other big players in financial markets a better idea of whether they will be tapped for the same type of additional government scrutiny facing large U.S. banks. …
New rules to ensure no insurance company is too big to fail are set to be drawn up in time for the 2012 meeting of G20 leaders, although unlike banks they may not include capital surcharges, according to industry supervisors. …
