systemically important financial institution News
AIG, Prudential Won’t Need Bank Capital Rules: Fed Reserve Governor
U.S. insurers deemed big enough to threaten the financial system will probably face capital standards that are simpler and less costly than those imposed on Wall Street banks, Federal Reserve ...
Regulatory Tools Too Focused on Individual Company Risks
Regulatory tools to assess risk in the financial sector focus too much on individual companies, according to a new report from HEC Paris business school. While regulators have been working to ...
Icahn Urges AIG to Split Into Three, Says It’s ‘Time to Act’
Carl Icahn, the billionaire investor known for picking fights with corporate boards, disclosed an investment in American International Group Inc. and said it should split into three companies: one ...
Large International Insurers Challenged by Increasing Regulatory Burden
There is an increased focus globally on international insurance regulation driven by efforts within the G20 major economies to strengthen the international regulatory regime since the financial ...
AXA Says Stricter Insurer Capital Rules May Threaten European Recovery
AXA SA, France's biggest insurer, said plans to impose tighter capital rules on too-big-to-fail insurers will pose a new hurdle to European growth and do little to bolster financial stability. ...
How Insurers Gain ‘Systemically Important’ Status May Be Tweaked
The U.S. top financial risk council may tweak the way in which it identifies insurers and other companies that are not banks as systemically important, a process the industry and politicians have ...
MetLife to Challenge Systemic Risk Designation
MetLife Inc., the largest U.S. life insurer, is challenging a U.S. finding that it poses a potential risk to the financial system if it were to fail. MetLife requested a hearing before the Financial ...
Senate Panel to Consider ‘Too Big to Fail’ Report
A U.S. Senate panel will meet next Thursday to discuss results of a much anticipated government study that looked at whether the biggest banks can borrow at lower interest rates because investors ...