NAIC – Run – Disintermediation

NAIC – Run – Disintermediation

• B. FSOC failed to assess the risk of asset liquidation against existing regulatory authority to actively prevent a “run on the bank” scenario, including early warning through risk-based capital requirements and stays on surrender activity. ………………10
  • Unlike countless banking products, insurance products are not designed to allow access to funds on demand, and often contain deterrents such as the policy limitations or penalties for early withdrawal.  (p16)
  • [Bonk: Stays? Moratoriums?]

Document 43 – MetLife v. FSOC – Consent Motion of the National Association of Insurance Commissioners for Leave to File Brief as Amicus Curiae in Support of Plaintiff MetLife, Inc. – NAIC – 32p

 – LC – MetLife v. FSOC (Financial Stability Oversight Council)  —  [BonkNote]