SIFI News
Prudential Gives Up Fight Over Systemic Risk Designation, Increased Regulation
Prudential Financial Inc., the second-largest U.S. life insurer, abandoned its challenge to a U.S. designation from a Treasury Department panel that subjects the company to increased regulatory ...
U.S. Risk Council Designates Prudential for Tougher Oversight
Insurer Prudential Financial Inc. said the U.S. financial risk council has designated the company as systemically risky in a final vote, bringing it under stricter regulatory oversight. Prudential ...
G20’s Regulator Extends Systemically Important Bank Rule to Biggest Insurers
The Financial Stability Board said an extended version of its guidance on the resolution of systemically important banks will apply to non-bank financial institutions, such as Allianz SE, AIG and ...
Commentary: Does FSOC Understand the Business of Insurance?
The Financial Stability Oversight Council (FSOC) designated AIG as a Systemically Important Financial Institution (SIFI) after determining that "material financial distress at AIG could pose a threat ...
G-SII Designations Might Fuel Restructurings: S&P
New requirements that will be imposed on insurers that the Group of 20's Financial Stability Board has designated to be global systemically important insurers may motivate G-SII restructurings down ...
Some Question Labeling 9 Global Insurers Systemically Important
Europe's insurers criticised the approach taken by international regulators which named firms considered systemically important as they try to reduce financial risks from the sector. Two global ...
9 Global Insurers to Face Higher Capital Standards, Tougher Supervision
Top insurers will have to hold more capital from 2019 to cover risks they pose to the financial system should they go bust, global regulators said on Thursday. Regulators also released an initial ...
Senate Told Fed Is Confined to Bank-Based Approach for Insurers
The Federal Reserve is working to modify a bank-based capital model to cover insurance companies as much as they can under Dodd-Frank Act restraints, Fed Governor Daniel Tarullo told lawmakers at a ...