Federal Insurance Regulation/Systemic Rick

Regulation of insurance by the federal government or as a systemic risk to the economy.

The Financial Regulatory Reform Task Force comments to the Financial Stability Board on its paper, “Comments on Application of the Key Attributes of Effective Resolution Regimes to Non-Bank Financial Institutions.” (October 18, 2013)
The Financial Regulatory Reform Task Force comments to the Financial Stability Board on its paper, “Comments on Application of the Key Attributes of Effective Resolution Regimes to Non-Bank Financial Institutions.” (October 18, 2013)
Financial Regulatory Reform Task Force comments to the IAIS on its proposed policy measures that would be applied to insurers whose failure would cause major disruption to the global financial system. (December 14, 2012)
Pension Accounting Committee comments to the Financial Accounting Standards Board (FASB) regarding its proposed Accounting Standards Update: Financial Instruments (Topic 825) – Disclosures about Liquidity Risk and Interest Rate Risk. (October 1, 2012)
Financial Regulatory Reform Task Force comments to the IAIS on its proposed method to identify insurers whose distress or disorderly failure would cause significant disruption to the global financial system and economic activity. (July 31, 2012)
Senior Life Fellow Nancy Bennett’s presentation to the National Conference of Insurance Legislators (NCOIL) on modernizing insurance regulation. (July 12, 2012)
Public policy practice groups comments to the NAIC on its draft white paper on the Solvency Modernization Initiative and insurance regulation offering suggestions encompassing RBC, ORSA, and NAIC model laws. (April 30, 2012)
Financial Regulatory Reform Task Force comments to the Federal Reserve on its proposed rule establishing additional prudential standards to apply to non-bank financial service companies identified by the Financial Stability Oversight Council as companies that could pose systemic risk. (April 30, 2012)
Risk Management and Financial Reporting Council letter to the Department of Treasury urging that actuarial science be one of the specific considerations for members of the proposed Financial Research Advisory Committee that will support the work of the Office of Financial Research. (April 13, 2012)
Risk Classification Work Group webinar presentation based on the Academy’s Risk Classification Work Group's monograph, On Risk Classification, published in November 2011, which updates the 1980 Risk Classification Statement of Principles. (March 15, 2012)
Senior Life Fellow presentation regarding insurance modernization in the U.S. to the National Conference of Insurance Legislators (NCOIL). (February 24, 2012)
Financial Regulatory Reform Task Force comments to the FSOC on proposed rule relating to systemically important financial institutions. (December 19, 2011)
Financial Regulatory Reform Task Force comments to the FIO on how to modernize and improve the U.S. system of insurance regulation. (December 16, 2011)
Financial Regulatory Reform Task Force letter to the Department of the Treasury outlining the metrics intended to aid in identifying systemic risk in the insurance sector. (June 24, 2011)
Financial Regulatory Reform Task Force comments to the Financial Stability Oversight Council on its proposed rule, "Authority to Require Supervision and Regulation of Certain Non-Bank Financial Companies." (February 25, 2011)
The Financial Regulatory Reform Task Force releases Role of the Actuary Under Federal Risk and Insurance Oversight, an update to the 2003 Role of the Actuary monograph. (December 15, 2010)
Financial Regulatory Reform Task Force letter to Congress urging the inclusion of an Office of the Chief Actuary in the Office of Financial Research as Congress was in conference reconciling bills H.R.4173 and S.3217. (June 9, 2010)
Financial Regulatory Reform Task Force white paper outlines new key functions necessary for effective systemic risk regulation. (May 1, 2010)
Risk Management & Financial Reporting Council testimony to the Senate Committee on Agriculture, Nutrition & Forestry supporting the establishment of a governmental systemic risk regulator. (December 2, 2009)