systemically important financial institution News
MetLife Nears Systemic Financial Institution Risk Tag
MetLife Inc., the largest U.S. life insurer, was moved to the last stage of a regulatory review that may impose extra Federal Reserve oversight. The Financial Stability Oversight Council, a group of ...
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 ...
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 ...
FSB, FSOC Systemic Insurer Lists Need Alignment, Say U.S. Regulators
Insurers should not be forced to hold extra capital just because of their size, because the extra cost would simply be passed on to consumers, U.S. regulators said on Tuesday. G20 world leaders have ...SIFI Designation A Credit Positive For AIG: Moody’s
In an article published yesterday in its weekly "Credit Outlook" publication, Moody's Investors Service said the Financial Stability Oversight Council's designation of American International Group as ...
Fed’s Plosser Favors Too-Big-To-Fail Firms Holding More Capital
Federal Reserve Bank of Philadelphia President Charles Plosser called for the largest financial institutions to hold more capital to help prevent a repeat of the recent financial crisis, and renewed ...
Federal Regulation Would Have Uncovered AIG Problems In ’08: Benmosche
Federal regulation at the holding company level would have prevented the near-failure of American International Group in 2008—and had the company actually failed, it would have disrupted the entire ...