2021 0526 - FRB to NAIC - Randal K. Quarles, Vice Chair for Supervision Board of Governors of the Federal Reserve System to National Association of Insurance Commissioners International Insurance Forum, Federal Reserve Board - 9p
Accordingly, Team USA and other interested jurisdictions continue to build on our work on the Group Capital Calculation and Building Block Approach to develop what the IAIS terms the Aggregation Method which could be considered an equivalent implementation of a group capital rule for large, internationally active insurers in the United States.