Category: Florida Legislative News

  The U.S. Department of the Treasury advised today, July 19, 2016, that the Financial Markets Regulatory Dialogue (“FMRD”) will now be known as the Joint U.S.–E.U. Financial Regulatory Forum (“Forum”).  The Forum should be understood to represent the views …

  On May 3, 2016, the Federal Reserve Board proposed a rule to support U.S. financial stability by enhancing the resolvability of very large and complex financial firms.  The proposal would require U.S. global systemically important banking institutions (GSIBs) and …

  At its meeting yesterday, June 21, 2016, the Financial Stability Oversight Council (“FSOC” or “Council”) unanimously approved its 2016 annual report, which was developed collaboratively by the FSOC members, their agencies and staff members.  The FSOC reports annually to …

  On June 17, 2016, four federal financial institution regulatory agencies issued a joint statement on the new accounting standard, Accounting Standards Update (ASU) No. 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, …

  The United States and the European Union (“EU”) released the following joint statement on negotiations for a bilateral agreement on insurance and reinsurance measures today, May 27, 2016: In November 2015, the U.S. Department of the Treasury and the …

  Just before the June 1 start of the 2016 Hurricane Season, U.S. Senator Marco Rubio (R-Fla.), chairman of the Subcommittee on Oceans, Atmosphere, Fisheries, and Coast Guard, convened a hearing entitled “Improvements in Hurricane Forecasting and the Path Forward” …

  Federal Reserve Governor Daniel Tarullo addressed the National Association of Insurance Commissioners’ (“NAIC”) 10th annual International Insurance Forum today, May 20, 2016, providing insight into the Federal Reserve’s approach to developing its capital requirements for insurance groups under its …

On April 4, 2016, the U.S. Department of the Treasury and the Internal Revenue Service (IRS) issued temporary and proposed regulations to further reduce the benefits of and limit the number of corporate tax inversions, including by addressing earnings stripping. …

  Effective October 1, 2016, certain insurers and insurance groups will be subject to the requirements of SB 1422 relating to Insurer Regulatory Reporting, which was signed into law by Florida Governor Rick Scott this past Friday, April 8.   …

  Signed into law by Governor Rick Scott on April 6, 2016, SB 1274 will now allow insurers to offer a new type of personal lines residential sinkhole insurance coverage in Florida. Effective July 1, 2016, the legislation creates s. …