Fed Steps Up For Seat At International Insurance Watchdog

Law360, New York (October 4, 2013, 8:51 PM EDT) -- The Federal Reserve Board is eyeing a seat at the International Association of Insurance Supervisors and plans to take an active role at the influential group, two sources familiar with the matter told Law360, the latest sign of the federal government's deepening role in insurance oversight.

As a regulator of insurers that own thrifts and systemically important, or “too-big-to-fail,” insurers, the Fed will likely easily join the IAIS. But the Fed also has ambitions to join the IAIS executive committee, one source said, signaling a power...
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