SIFI - Systemically Important Financial Institutions

  • (p21) - Chairman LUETKEMEYER (R-MO) - Thank you. Mr. Van Der Weide, I want to let you know that you gave us more information in your 2 or 3 minutes’ response here than all of the other folks we have had before this committee, put together, when we asked that question about SIFIs.

2015 0429 - GOV (House) - The Impact of International Regulatory Standards -  [PDF-125p,

  • 2014 0723 - GOV (House-CFS) - Assessing the Impact of the Dodd–Frank Act Four Years Later
    • [PDF-169p, VIDEO-CSPAN]
    • (p46) - Barney Frank (D-MA)  And I don’t think that—if that is your major—if that is all you do is asset management or sell life insurance, I don’t think you should be a SIFI.
      • For one thing, I think they have enough other things to do, and there is no sign of their causing problems.

CSPAN

  • House -  Financial Services Subcommittee: Significance of Financial Institutions
  • Senate - Committee on Banking, Housing, and Urban Affairs
  • 2012 0516 - GOV (House) - The Impact of the Dodd-Frank Act: What it Means to be a Systemically Important Financial Institution, (CSPAN) Designation of Systemically Significant Financial Institutions, Economists Panel 
  • 2014 0723 - GOV (House-CFS) - Assessing the Impact of the Dodd–Frank Act Four Years Later
  • 2014 1118 - GOV (House) - The Impact of International Regulatory Standards on the Competitiveness of U.S. Insurers, Part II 
  • 2015 0325 - GOV (Senate) - FSOC Accountability Nonbank Designations
  • 2017 0328 - GOV (House) - The Arbitrary and Inconsistent Non-Bank SIFI Designation Process
    • [PDF-83p, VIDEO-youtube] - <mp3, mp4>
    • 2017 0228 - GOV (House Report) - Report Prepared by The Republican Staff of the Committee on Financial Services, U.S. House of Representatives - [PDF-60p]
    • [GOV Page]
  • 2012 0516 - GOV (House) - The Impact of the Dodd-Frank Act: What it Means to be a Systemically Important Financial Institution, (CSPAN) Designation of Systemically Significant Financial Institutions, Economists Panel - [PDF-121p,  VIDEO-CSPAN] - 53:41
    • 11:25 - William (Bill) Wheeler (MetLife - America's Division, President)
      • Largest Life Insurance Company in the United States, Bank-Centric Rules Inappropriate, Only company with a Bank Holding Company - Selling it, so they will be regulated by insurance commissioners.
      • Investments
      • Banks v Insurance Companies Different
      • TARP, Look at Activities-Based
    • 29:00 - Carolyn Maloney/ Bill Wheeler (MetLife) - What caused AIG Failure?
    • 36:00 - Luetkemeyer/ Bill Wheeler (MetLife) - Interconnectedness, derivatives etc, Banks, Traditional Insurance
    • Manzullo - Messing up MetLife, Bank Holding Company, Federal Reserve - People don't have sophistication...re: Life Insurance.
  • 2014 1118 - GOV (House) - The Impact of International Regulatory Standards on the Competitiveness of U.S. Insurers, Part II
    • [PDF-140p,  VIDEO-YouTube] - <mp3, mp4>
    • House - Committee on Financial Services - Housing and Insurance
    • 58:15 - 1:00:37 - Luetkemeyer (MO) / Sullivan (FRB) -  How is an insurance company a SIFI? 
    • 1:15- - Dennis Ross (Fla) - state regulation not significant? McRaith
    • 1:19 - ohio congressman -NCOIL input?? Shapiro Study: capital 
    • 1:24 - 
    • 1:27 - Garrett (NJ) - cost benefit, secrecy, transparency
    • 1:33 - re: Roy Woodall turned away from IAIS