CORRECTED: Fed To Walk Gingerly At IAIS, Conn. Insurance Commish Says

Law360, New York (December 18, 2013, 9:09 PM ET) -- Ignore the rumors: The Federal Reserve Board is not vying for a spot on the International Association of Insurance Supervisors executive committee, Connecticut Insurance Commissioner Thomas Leonardi told Law360 in an interview touching everything from global capital standards to his own claims of “dysfunction” at the National Association of Insurance Commissioners.

Though the Fed applied to the influential global group of insurance regulators in October — a membership request Leonardi supports — it has not asked to join the IAIS executive committee, according to the commissioner,...
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