systemically important financial institution News
Chamber Wants Tighter Rules on Systemically Risky Designations for Non-Banks
The U.S. Chamber of Commerce is calling for rules that would make it more difficult for a group of regulators to subject financial companies to stricter oversight. A vote of three-quarters of the ...
Treasury Nominee Raskin Says Bank Rules Do Not Fit Insurers
President Barack Obama's nominee to serve as deputy U.S. Treasury Secretary told lawmakers on Wednesday she believes that large systemically important insurance companies should not face the same ...
If It Gambles Like a Bank, Regulate It Like a Bank: Bloomberg View
Five years after a crisis that almost took down the world economy, regulators are still groping for a way to address one of the global financial system's most obvious weaknesses: the trillions of ...
MetLife May Challenge If Designated Systemically Important
MetLife Inc., the largest U.S. life insurer, said it will weigh challenging any designation as a systemically important financial institution after smaller rival Prudential Financial Inc. abandoned ...
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 ...
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 ...
Old-Fashioned Regulators Miss What’s New in Finance
Is the financial system any safer now than in 2008? There's been some progress but less than you might think. I argued last week that regulators should put in place much tougher bank capital ...
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 ...