FSOC - Activities

  • GOV - Hughes (ACLI)
  • etc.....
  •  Roy Woodall  - It is important to identify particular activities in order to encourage appropriate and further action that could lessen any company-specific threat to U.S. financial stability.
  • *Paraphrasing what one insurance thought leader once told me: “We should not tolerate any insurance company posing a threat to our financial system – pinpoint what makes them systemically risky and let’s fix them.”3
    • < 3Therese M. Vaughan, Ph.D., Dean of the College of Business and Public Administration, Drake University, and former Iowa Insurance Commissioner, President and CEO of the National Association of Insurance Commissioners, International Association of Insurance Supervisors Executive Committee member, and Chair of the Joint Forum.>

2014 12 - Woodall / Hamm / FSOC - re: MetLife Designation - Views of the Council’s Independent Member Having Insurance Expertise - 13p

  • I think the problem you identify is the vagueness in the standard and the lack of any connection to an actual problem.  (p26)

--  Professor Jonathan Macey, the Sam Harris professor of corporate law, corporate finance and securities law at Yale University

2015 1119 - GOV (House) - Oversight of the Financial Stability Oversight Council: Due Process And Transparency in Non-Bank SIFI Designations - PDF-179p