Archive for June 2021
FSOC – Determination and Dissents – Financial Stability Oversight Committee – Snippets
FSOC – Prudential – Determination and Dissents – Snippets 2013 0919 – FSOC/Prudential – Basis for the Financial Stability Oversight Council’s Final Determination Regarding Prudential Financial, Inc. – 12p Pages 1/2 (p1) – ….section 113 of the Dodd-Frank Act and the Council’s interpretive guidance regarding nonbank financial company determinations (Interpretive Guidance),1 —– the Council has voted…
Read MoreGovernment – Index
Government – Index ABCDEFGHIJKLMNOPQRSTUVWXYZ# A ACLI vs. Perez (DOL – Department of Labor) – Fiduciary Rule Anti-Trust Attorney General Back to top B Bills Back to top C CBO – Congressional Budget Office CFMA – Commodity Futures Modernization Act CFPA – Consumer Financial Protection Agency CFPB – Consumer Finance Protection Bureau CFR – Code of…
Read MoreDeposit
Deposit Bank-like Deposit Term Policy Demand Deposits Savings Deposits Demand Deposits Demand deposits are funds on deposit with banks; they are subject to immediate withdrawal and are classified as cash. Savings Deposits These are interest-earning accounts in which the depositor is required (or may at any time be required) by the bank to give notice…
Read MoreQ: Are People Talking About the Same Thing?
Q: Are People Talking About the Same Thing? 2019 0917 – LIIIWG – NAIC – Life Insurance Illustrations Issues Working Group – Proceedings (Fall, 6-77) – Cost of Insurance William Koenig (Northwestern Mutual) suggested that the parties all needed a common understanding of the terms used in their discussion. (p655) 1993-4, NAIC Proceedings – Life Disclosure…
Read MoreRisks – Index
Risks – Index ABCDEFGHIJKLMNOPQRSTUVWXYZ# A ALM – Asset Liability Matching Assets Back to top B Bailouts Banks – Risks Bank-like Best Interest Standards Back to top C CDS Spreads Contagion Core Business Covered Agreements Credit Risk Crisis Crisis in Confidence Back to top D Deceptive Derivatives Disintermediation Back to top E ERM – Enterprise Risk…
Read MoreFSOC – Timeline
FSOC – Timeline FSOC-Financial Stability Oversight Council 2011 2011 0726 – GOV – Financial Agencies Nominations – CSPAN Roy Woodall – FSOC nominee 2013 2013 07 – FSOC/MetLife – FSOC notified MetLife in July 2013 that it was considering the insurance company for determination as a SIFI. 2013 0708 – FSOC/AIG – Basis of the…
Read MoreRunnable
Runnable Run Disintermediation Surrender We define “runnables” as “pay-on-demand” transactions which embed defaultable promises made by private agents or state and local governments without explicit insurance from the federal government. 2015 0903 – FRB – The Runnables – [link] A life insurance policy is not indentured servitude. 2014 0310 – Letter – Sheila C. Bair…
Read MoreRandom
Random ABCDEFGHIJKLMNOPQRSTUVWXYZ A Acronyms Awards Back to top D Death Master Files – DMF Back to top I Income Back to top L Life Insurance Awareness Month Back to top P Predatory Lending Back to top R Random Runnable Back to top S Social Security Back to top
Read MorePredatory Lending
Predatory Lending 2000 – GOV – Predatory Lending Practices
Read MoreCredit Insurance
Credit Insurance https://content.naic.org/sites/default/files/model-law-370-consumer-credit-regulation.pdf 1972-2, NAIC Proc. – Credit Insurance Revisited: A Reply to the NAIC Staff Study – p429-? 1999 – SOA – Give Me Some Credit! The 50-Year History of Credit Regulation, Society of Actuaries – 21p 2018 – JIR / NAIC- New Evidence on an Old Unanswered. Question: The Decision to Purchase Credit…
Read More