Regulation & Compliance
Prudential Will While AIG, GE Won’t Contest SIFI Risk Designations
Prudential Financial Inc., the No. 2 U.S. life insurer, is contesting a U.S. finding that it poses a potential risk to the financial system, becoming the first company to challenge the label that ...
Big Insurers, State Regulators Look to Avoid Bank-Like Rules by Federal Reserve
MetLife Inc. and Prudential Financial Inc. have been joined by state regulators challenging the Federal Reserve on how to oversee the biggest insurers under the Dodd-Frank law. The insurers and ...
Dodd-Frank: Example of How Congress Can Overcome Gridlock
Congress is leaving town, a cause for celebration across the land. Except that the lawmakers are going away only for the Independence Day recess; they'll be back. The branch of government endowed by ...
FASB Going Concern Disclosure Too Little, Too Late, Moody’s Says
In an article it "Credit Outlook," report, Moody's Investors Service said accounting disclosures being proposed by the U.S. Financial Accounting Standards Board to provide investors with an early ...New York Probes 20 Foreign Reinsurers’ Compliance with Iran Sanctions
New York's financial regulator has asked 20 non-U.S. reinsurers whether they conducted business with entities linked to Iran, as part of a review of these companies' ability to comply with a new U.S. ...Fitch Affirms U.S. AAA Rating; Outlook Still Negative
Fitch Ratings on Friday affirmed the United States' top level credit rating at AAA but held the outlook at negative, saying still-elevated debt levels leave the country vulnerable to shocks without ...Corzine Faces Trading Ban as CFTC Sues in MF Global Failure
A U.S. regulator's lawsuit against Jon Corzine could make him the first former leader of Goldman Sachs Group Inc. to be banned from trading, the industry he returned to after serving as a New Jersey ...New Guy Carp Group Targets Mutual Co. Capital, Growth Issues
Last week, Guy Carpenter & Company, LLC, announced the launch of a Mutual Company Specialty Practice, which will focus exclusively on the unique needs of mutual insurance companies. The practice ...