Dodd-Frank Insurance
FDIC Issues Final Rule on Mutual Insurance Holding Companies
Insurance The FDIC has issued a final rule that treats a mutual insurance holding company as an insurance company for purposes of Section 203(e) of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The final rule clarifies that the liquidation and rehabilitation of a covered financial company that is a mutual insurance holding company will [...] Read more →
FSOC Approves Rule to Designate Nonbank Financial Companies for Enhanced Oversight
Banking, Broker-Dealer, Insurance, Investment Advisers Section 113 of the Dodd-Frank Act authorizes the Financial Stability Oversight Council, or FSOC, to require a nonbank financial company to be supervised by the Board of Governors... Read more →
Progress on Global Legal Entity Identifier Initiative
Banking, Broker-Dealer, Insurance, Public Companies and Securities During the financial crisis, market participants and regulators did not have the information they needed to assess exposures to risky or failing companies globally. In the United... Read more →
Federal Insurance Office Director Outlines Role of FIO
Insurance Michael McRaith, Director, Federal Insurance Office, or FIO, gave his thoughts on the role of the FIO at the Property/Casualty Insurance Joint Industry Forum On January 10.... Read more →
FDIC Proposes Rule Regarding Treatment of Mutual Insurance Holding Companies in Liquidation
Insurance The FDIC is proposing a rule that provides for the treatment of a mutual insurance holding company as an insurance company for the purpose of Section 203(e) of the Dodd-Frank Wall... Read more →
Treasury Official Speaks About Federal Insurance Office
Insurance Neil Wolin, Deputy Treasury Secretary, recently addressed the status of the Federal Insurance Office, or FIO, at a recent conference sponsored by the FIO. Mr. Wolin noted that... Read more →
Federal Insurance Office Seeks Comment on How to Improve the System of Insurance Regulation in the United States
Insurance Section 313(p) of Title 31 of the United States Code, as codified by the Dodd-Frank Wall Street Reform and Consumer Protection Act, requires the Federal Insurance, or FIO, to... Read more →
Federal Insurance Office Takes Shape
Insurance The Dodd-Frank Act established the Federal Insurance Office, or FIO, within the Treasury Department. FIO Director Michael McRaith recently explained the FIOs current and... Read more →
Treasury Announces Federal Advisory Committee on Insurance
Insurance The Treasury announced its intention to create a Federal Advisory Committee on Insurance. This is one in a series of steps that Treasury is taking to establish the new Federal... Read more →
CFTC Issues Proposed Interpretive Order on Disruptive Trading Practices
Banking, Derivatives, Energy, Insurance Section 747 of the Dodd-Frank Act prohibits three “disruptive” trading practices and grants the CFTC authority to enforce the prohibitions. Under Section 747, it is unlawful... Read more →