Fed Sets Annuity-Friendly Capital Rules for Insurers It Regulates
October 17, 2023 by Allison Bell
The Federal Reserve Board has given U.S. annuity issuers a boost by deciding to draw its insurance capital standards from U.S. regulators, rather than applying standards from overseas.
The board agreed last week to apply U.S.-style capital standards to federally insured banks that are “significantly engaged in insurance activities.” The board has posted a draft of the final rule on its website.
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Originally Posted at Think Advisor on October 12, 2023 by Allison Bell.
Categories: Industry Articles