Regulatory – Page 9

Regulatory Regulatory Forbearance Regulatory Reform Regulation Deregulation Functional Regulation Securities Regulation State vs Federal Regulation 2022 1109 – AP – Regulatory Competition in the US Life Insurance Industry, Johnny Tang – 88p Competition between jurisdictions is a central feature of many public policy problems. I examine the consequences of such competition in the US life insurance…

Regulatory Reform 2009 – Financial regulatory reform: a new foundation. Rebuilding financial supervision and regulation, Department of Treasury – 89p Regulatory Reform Task Forces 1995 0308 – Regulatory Reform [VIDEO-CSPAN] Senate Governmental Affairs Committee members heard testimony from witnesses concerning regulatory reform issues, including whether cost/benefit analysis and risk assessments should be conducted before new regulations are put…

Cost Benefit 1995 0308 – Regulatory Reform [VIDEO-CSPAN] Senate Governmental Affairs Committee members heard testimony from witnesses concerning regulatory reform issues, including whether cost/benefit analysis and risk assessments should be conducted before new regulations are put into effect.

Mark to Market Accounting 2012 0105 – OFR – A Survey of Systemic Risk Analytics – 165p (p19) – Sapra (2008) considers issues arising from historical and mark-to-market accounting for both insurance companies and banks. 2008 – AP – Do accounting measurement regimes matter? A discussion of mark-to-market accounting and liquidity pricing,” by Haresh Sapra,…

Bills Bills – Index History of Bills Consolidated Appropriations Act 2021 McCarran-Ferguson TEFRA TEFRA – DEFRA – TAMRA govinfo.gov/app/collection/bills govinfo.gov/help/bills NIA – National Insurance Act S. 2509 – National Insurance Act by Senators John Sununu and Tim Johnson S. 40, the National Insurance Act cxcv The National Insurance Act of 2007 (S. 40/H.R. 3200) Both…

Guaranty Funds NAIC – Financial Condition Committee – (E) — [BonkNote] Guaranty Fund Issues Working Group – (E) – NAIC — [BonkNote] NCIGF – National Conference of Insurance Guaranty Funds – ncigf.org/ — [BonkNote] NOLHGA – National Organization of Life and Health Insurance Guaranty Associations — [BonkNote] (p515) – The working group identified several issues relevant…

Run Run – Index Run-off Firesale 2015 – FRB – Self-Fulfilling Runs: Evidence from the US Life Insurance Industry – 52p In May 1991, one month after seizing Executive Life, California regulators seized First Capital Life (FCLIC). Both insurers were Drexel clients with large junk bond holdings, and both had experienced ‘bank runs’. FCLIC’s run followed regulators’…

Regulatory Forbearance 2021 – AP – Regulatory Forbearance in the U.S. Insurance Industry: The Effects of Removing Capital Requirements for an Asset Class, by Bo Becker (Stockholm School of Economics, CEPR, and ECGI), Marcus M. Opp (Stockholm School of Economics and CEPR), Farzad Saidi University of Bonn and CEPR), The Review of Financial Studies, Volume…

RBC – Risk-Based Capital NAIC Risk-Based Capital (RBC) For Insurers Model Act, MDL-312 – 20p content.naic.org/cipr_topics/topic_riskbased_capital.htm NAIC – Life Risk-Based Capital Report: Including Overview and Instructions for Companies – link – 1993-Current Financial Condition (E) Committee Life Risk-Based Capital (E) Working Group – content.naic.org/cmte_e_lrbc.htm 1994 – NAIC – Raising The Safety Net: Risk-Based Capital for…

Crisis 2008 Financial Crisis Crisis in Confidence Crisis – 1990s FCIC – Financial Crisis Inquiry Commission Liability Crisis We’ve all heard a lot about the junk bond crisis. Is the next crisis going to be junk illustrations? — Judy Faucett 1991 – SOA – Illustrations, Society of Actuaries – 20p 2009 – AP – Reflections on Northern…