Federal Reserve Board approves advance notice of proposed rulemaking and approves proposed rule

[kreslik.news]

The Federal Reserve Board on Friday approved an advance notice of proposed rulemaking (ANPR) inviting comment on conceptual frameworks for capital standards that could apply to systemically important insurance companies and to insurance companies that own a bank or thrift. The standards would differ for each group.

The Board's ANPR presents one approach--called the consolidated approach--that would apply to systemically important insurance companies, and a second approach--called the building block approach--for less complex insurance companies that also own a bank or thrift. The Board is publishing an ANPR to provide ample opportunity for interested parties to comment on the appropriate ... (read more)