Fed Saves Insurers From Tougher Capital Rules For Now

Law360, New York (July 2, 2013, 7:56 PM EDT) -- The Federal Reserve Board has temporarily exempted insurers with banking units from meeting tougher capital and other standards that it finalized on Tuesday, heeding warnings from the insurance industry over the rules.

The FRB for now decided to exclude savings and loan holding companies with substantial insurance operations from the rules, which implement the Basel III regulatory capital reforms and some changes mandated under the Dodd-Frank Act.

"The Federal Reserve will take additional time to evaluate the appropriate regulatory capital framework for these entities," the FRB...
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