A Comparison of the Insurance and Banking Regulatory Frameworks for Identifying and Supervising Companies in Weakened Financial Condition

Topics:
Commercial Banking,
Insurance
Tags:
Banking,
Regulations,
Insurance,
Gramm-Leach-Bliley Act,
Government,
Financial Services,
Financial Planning,
Financial,
Finance,
Federal Reserve Board,
...
Source:
Federal Reserve Board

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Overview: The National Association of Insurance Commissioners (NAIC) and the Federal Reserve System (FRS) joint Troubled Company Subgroup (Subgroup) was formed in 2000. The Subgroup's objective was to compare insurance and banking regulatory frameworks for identifying and supervising companies in weakened financial condition, and was one of four joint subgroups established by the NAIC and the FRS to address implementation of the Gramm-Leach-Bliley Act (GLB Act) enacted in November 1999.

(Is this item miscategorized? Does it need more tags? Let us know.)

Format: PDF | Size: 576KB | Date: Apr 2005 | Pages: 44

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