Category: U.S. Department of the Treasury

  The Financial Stability Oversight Council (“FSOC” or “Council”) announced yesterday, December 18, 2014, that it voted to designate MetLife, Inc. (“MetLife”) as a nonbank financial company in order to address potential threats to U.S. financial stability.   To read …

  In advance of its Executive Session discussion on nonbank financial company designations scheduled for October 6, 2014, the Financial Stability Oversight Council (“FSOC”) released a set of frequently asked questions on its designation process last Friday, September 26. To …

   By Wes Strickland, Esq. (above, left) and Claude Mueller (right) The U.S. Federal Reserve Board (“FRB”) announced today, September 30, 2014, that it will begin a quantitative impact study (“QIS”) to evaluate the potential effects of its revised regulatory …

  The U.S. Department of the Treasury’s Federal Insurance Office (“FIO”) released its second Annual Report on the Insurance Industry (“Report”) today, September 24, 2014.  Pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (“Dodd-Frank”) the …

  The U.S. Federal Reserve Board, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency announced the finalization of a technical correction to the definition of “eligible guarantee” in the agencies’ risk-based capital Rules released …

  With the comment period now closed as of June 9, 2014 on its Request for Information about the availability and affordability of personal auto insurance, the Federal Insurance Office (“FIO”) logged over 50 collective submissions on the issue, including …

  Below are remarks as prepared for delivery on corporate governance and prudential regulation by U.S. Federal Reserve Governor Daniel K. Tarullo at the Association of American Law Schools 2014 Midyear Meeting in Washington, D.C. today, June 9, 2014:   …

  A statutory report by the Federal Insurance Office (“FIO”) on the breadth and scope of the global reinsurance market and the critical role this market plays in supporting insurance in the United States has yet to be completed, a …

  Indicating the growing importance of the issue, the Federal Insurance Office (“FIO”) issued a Request for Information today, April 10, 2014 entitled “Monitoring Availability and Affordability of Auto Insurance.” With comments due by June 9, 2014, the call for …

  Federal Insurance Office (“FIO”) Director Michael McRaith will testify before the U.S. House Financial Services Housing and Insurance Subcommittee at 10:00 a.m. (ET) this morning, February 4, 2014, on the FIO’s recently released insurance regulatory modernization report.  Joining him …