In a speech before the National Association of Insurance Commissioners, Federal Reserve Board Vice Chair of Supervision Randal Quarles reported that the FRB will publish soon a capital rule for insurance depository institution holding companies.
In its May 2021 Financial Stability Report, the Federal Reserve Board reviewed current conditions that may reflect vulnerabilities to the stability of the financial system.
The Senate Banking Committee considered testimony on the "serious concern" caused by an International Association of Insurance Supervisors' consultative document on global insurance regulations and supervisory forums.
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.
The Board of Governors of the Federal Reserve System solicited comments on the proposed application of enhanced prudential standards for certain nonbank financial companies. The request for comments was published in the Federal Register.