Fed Has Officially Asked IAIS For Membership, Docs Show

Law360, New York (October 31, 2013, 4:55 PM EDT) -- The Federal Reserve Board applied for membership at the International Association of Insurance Supervisors last week, according to documents obtained by Law360 on Thursday.

Following much speculation, the Fed sent off its application and a detailed description of its role in insurance supervision to the IAIS' secretary general office in Basel, Switzerland, on Oct. 25, Law360 has learned through a Freedom of Information Act request.

The Fed's Freedom of Information Office was unable to locate the board's application to join the IAIS executive committee. A source...
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