The Federal Reserve Board extended the comment period for a proposal on framework for supervision of insurance activities.
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The Federal Reserve Board published in the Federal Register a request for comments on proposed guidance concerning a framework for the supervision of insurance activities by depository institution holding companies.
The Federal Reserve Board requested comment on proposed guidance on a framework for the supervision of any depository institution holding company that (i) is an insurance underwriting company, or (ii) has over 25 percent of its consolidated assets held by insurance underwriting subsidiaries.
The FRB highlighted risks related to certain insurance policy indemnifications for the directors and officers of bank holding companies, savings and loan holding companies, and state member banks.
The Board of Governors of the Federal Reserve System extended the comment period for a proposed rulemaking regarding the regulatory capital requirements for supervised institutions engaged in insurance activities.