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Fed readying new rules for insurers

January 10, 2019 / Lyle Adriano

The Federal Reserve will soon be rolling out new regulations for insurance companies that have banking subsidiaries. During a recent executive roundtable of the American Council of Life Insurers in Naples, FL, Federal Reserve vice-chairman for supervision Randal Quarles explained that the agency will adopt a “building-block approach” to capital requirements for those insurers with banking operations.