Category: U.S. Department of the Treasury

  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 …

  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. …

  The U.S. Department of the Treasury’s Federal Insurance Office released a report on October 9, 2015 entitled “The Process for Certifying an ‘Act of Terrorism’ Under the Terrorism Risk Insurance Act of 2002” (“Report”). Mandated by the Terrorism Risk …

  New FIO Report Highlights Key Developments Throughout the U.S. Insurance Industry  The U.S. Department of the Treasury’s Federal Insurance Office (“FIO”) released its third Annual Report on the Insurance Industry (“Report”) today, September 28, 2015.   Under the Dodd-Frank …

  New Report Examines the State of the U.S. Market for Natural Disaster Insurance The U.S. Department of the Treasury’s Federal Insurance Office (“FIO”) released a statutory report on the current state of the market for natural catastrophe insurance in …