Financial Regulatory Forum

COLUMN: Picture set to clarify for captive reinsurance regulatory muddle

By Guest Contributor
November 24, 2015

By Lawrence Hsieh, Practical Law

NEW YORK, (Thomson Reuters) – The regulatory environment for captive reinsurance, the technique used by life insurance companies to leverage statutory reserves seen as redundant and free up capital for other purposes, may soon come to a head after being in flux since 2013 .

U.S. industry group balks at higher capital standards for insurance companies

September 2, 2015

A U.S. financial services trade group has urged industry regulators to reject additional capital requirements for big insurance firms, as proposed by the International Association of Insurance Supervisors.

Shortcomings seen in U.S. nonbank systemic-risk process for insurers

April 21, 2015

Critics of the the Financial Stability Oversight Council’s designation of nonbanks as systemically important got a chance last month to point to what they viewed as shortcomings in its approach, while also offering clues for possible improvements, during a U.S. Senate hearing on the issue. 

Uncertainty over resolution regime may hamper loss-absorbency standard for big banks

March 18, 2015

Even as international standards slowly take shape for total loss absorbency capacity (TLAC) – key element of the regulatory effort to end the perception that major banks are “too-big-to-fail” – pe the end of a consultation period last month left uncertainty lingering over restrictions on many of its provisions, and more importantly, the context in which it would operate.

U.S. leads the pack in monitoring shadow bank sector; IMF report shows how

November 5, 2014

The United States effort to begin reining in the risks from shadow banking was recognized by the International Monetary Fund in a recent report as being ahead of the curve, and parts of it could serve as a model for other countries.

Bank of America’s mortgage-fraud deal yields quick impact; message may not be what enforcers wanted

By Guest Contributor
August 26, 2014

By Stuart Gittleman, Compliance Complete

NEW YORK, Aug. 26, 2014 (Thomson Reuters Accelus) – It took just one day for U.S. Attorney General Eric Holder’s announcement Thursday that Bank of America would pay $16.65 billion over charges of fraudulent mortgage origination, securitization and servicing to have an impact.

U.S. regulation risks a “Balkanization” of cross-border capital

By Guest Contributor
March 12, 2014

By Henry Engler, Compliance Complete

NEW YORK, Mar. 12 (Thomson Reuters Accelus) – The term “unintended consequences” has often been used by critics of U.S. regulatory reform when characterizing its complexities. While well-intentioned individually, when unleashed in unison the multiple requirements banks that face become highly unpredictable, including across national borders. (more…)

Low interest rates can pose safety-and-soundness issues, state bank regulator says

By Guest Contributor
July 19, 2012

By Ted Knutson

WASHINGTON, July 19 (Thomson Reuters Accelus) – The low interest rate environment being pushed by the Federal Reserve can pose safety and soundness issues for some banks, Michael Stevens, senior executive vice president of the Conference of State Bank Supervisors, told Thomson Reuters Accelus Wednesday.

Financial regulation scorecard

By Daniel Lippman
June 16, 2010

A House-Senate conference committee must find a middle ground between financial regulation bills passed by the two chambers. The committee’s final report could differ from earlier versions.

Market Structure Moves to Top of Regulatory Agenda

May 7, 2010

The SEC’s chief said the growing concerns about technological changes in the capital markets are going to drive much of the agency’s agenda for the rest of the year. She fears creation of a two-tier system—one for hedge funds and other large traders and a more limited tier for everyone else. Her goal includes passing a series of rules designed to update the basic principle of market fairness that was established at the agency’s founding during the New Deal, according to Thomson Reuters Checkpoint’s WG&L Accounting & Compliance Alert. (more…)