Fed Looks To Tailor Bank-Focused Capital Rules To Insurers

By Evan Weinberger (May 20, 2016, 6:43 PM EDT) -- The outline for insurance company capital regulation that a top Federal Reserve official unveiled Friday showed that compliance costs may not be as high as feared, but questions remain about whether the Fed is going to impose bank-like regulation on an industry with different risks.

Daniel K. Tarullo, the central bank governor in charge of regulatory issues, said Friday that the Fed would release an advance notice of proposed rulemaking in the coming weeks. It would provide the first chance for the industry and others to weigh in on the Fed's thinking on insurance company capital requirements.

The speech, before a...

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