Global Watchdog Pushes For More Powerful FIO

Law360, New York (August 27, 2013, 3:23 PM EDT) -- In a peer review of U.S. regulators released Tuesday, the Financial Stability Board called for a beefed-up Federal Insurance Office and urged officials to seriously consider greater federal oversight of insurers.

The FSB praised U.S. regulators for their follow-up on recommendations that the International Monetary Fund made in 2010 to improve insurance supervision, systemic risk oversight and the supervision of financial market infrastructures. But significant work remains to be done, including in making U.S. regulation of insurers more consistent, the global group of financial regulators said....
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