U.S. House Subcommittee To Continue Review of International Regulatory Standards’ Impact on U.S. Insurers’ Competitiveness
Nov 17, 2014
Federal Insurance Office Director Michael McRaith, along with Pennsylvania Insurance Commissioner Michael Consedine, U.S. Senator Neil Breslin (NY) and Federal Reserve Division of Banking Supervision and Regulation Senior Advisor Thomas Sullivan will be panelists tomorrow, November 18, 2014, at 2:00 p.m. for a U.S. House of Representatives Housing and Insurance Subcommittee hearing entitled “The Impact of International Regulatory Standards on the Competitiveness of U.S. Insurers, Part II.”
The hearing will focus on the various international regulatory standards being proposed by the G-20, the Financial Stability Board, the International Association of Insurance Supervisors and other international supervisory authorities.
To view a Congressional memorandum on the hearing, click here.
The U.S. Federal Reserve released Mr. Sullivan’s written testimony this afternoon. To view his prepared remarks, which emphasize the agency’s support for transparency in the insurance regulatory standard-setting process, click here.
To access materials, witness statements and a transcript from “Part 1” of the hearing, which took place on June 13, 2013, click here.
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